Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

The computation of basic and diluted earnings per common share is shown below:


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Basic earnings per common share computation:
Net income per consolidated statements of income	$	7,785	$	10,357	$	24,844	$	29,597
Net earnings allocated to participating securities	(24)		(37)		(82)		(114)
Net earnings allocated to common stock	$	7,761	$	10,320	$	24,762	$	29,483
Distributed earnings allocated to common stock	$	2,863	$	2,573	$	8,079	$	7,734
Undistributed earnings allocated to common stock	4,898		7,747		16,683		21,749
Net earnings allocated to common stock	$	7,761	$	10,320	$	24,762	$	29,483
Weighted average common shares outstanding, including shares considered participating securities	16,616		15,197		15,785		15,218
Less: Average participating securities	(47)		(51)		(50)		(58)
Weighted average shares	16,569		15,146		15,735		15,160
Basic earnings per common share	$	0.47	$	0.68	$	1.57	$	1.94
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	7,761	$	10,320	$	24,762	$	29,483
Weighted average common shares outstanding for basic earnings per common share	16,569		15,146		15,735		15,160
Add: Dilutive effects of performance based-shares	0		0		0		0
Weighted average shares and dilutive potential common shares	16,569		15,146		15,735		15,160
Diluted earnings per common share	$	0.47	$	0.68	$	1.57	$	1.94