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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The computation of basic and diluted earnings per common share is shown below:
Three months ended September 30,Nine months ended September 30,
 2021202020212020
Basic earnings per common share computation:
Net income per consolidated statements of income$13,831 $7,785 $39,852 $24,844 
Net earnings allocated to participating securities(47)(24)(139)(82)
Net earnings allocated to common stock$13,784 $7,761 $39,713 $24,762 
Distributed earnings allocated to common stock$2,859 $2,863 $8,577 $8,079 
Undistributed earnings allocated to common stock10,925 4,898 31,136 16,683 
Net earnings allocated to common stock$13,784 $7,761 $39,713 $24,762 
Weighted average common shares outstanding, including shares considered participating securities16,887 16,616 16,875 15,785 
Less: Average participating securities(54)(47)(56)(50)
Weighted average shares16,833 16,569 16,819 15,735 
Basic earnings per common share$0.82 $0.47 $2.36 $1.57 
Diluted earnings per common share computation:
Net earnings allocated to common stock$13,784 $7,761 $39,713 $24,762 
Weighted average common shares outstanding for basic earnings per common share16,833 16,569 16,819 15,735 
Add: Dilutive effects of performance based-shares
Weighted average shares and dilutive potential common shares16,833 16,569 16,819 15,735 
Diluted earnings per common share$0.82 $0.47 $2.36 $1.57