Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

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


	Three months ended March 31,
	2021		2020
Basic earnings per common share computation:
Net income per consolidated statements of income	$	13,106	$	8,813
Net earnings allocated to participating securities	(45)		(30)
Net earnings allocated to common stock	$	13,061	$	8,783
Distributed earnings allocated to common stock	$	2,859	$	2,608
Undistributed earnings allocated to common stock	10,202		6,175
Net earnings allocated to common stock	$	13,061	$	8,783
Weighted average common shares outstanding, including shares considered participating securities	16,855		15,333
Less: Average participating securities	(56)		(52)
Weighted average shares	16,799		15,281
Basic earnings per common share	$	0.78	$	0.57
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	13,061	$	8,783
Weighted average common shares outstanding for basic earnings per common share	16,799		15,281
Add: Dilutive effects of performance based-shares	0		0
Weighted average shares and dilutive potential common shares	16,799		15,281
Diluted earnings per common share	$	0.78	$	0.57