XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.2.2
EARNINGS PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2022
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,
 2022202120222021
Basic earnings per common share computation:
Net income per condensed consolidated statements of income$15,549 $13,831 $44,082 $39,852 
Net earnings allocated to participating securities(66)(47)(198)(139)
Net earnings allocated to common stock$15,483 $13,784 $43,884 $39,713 
Distributed earnings allocated to common stock$2,936 $2,859 $8,815 $8,577 
Undistributed earnings allocated to common stock12,547 10,925 35,069 31,136 
Net earnings allocated to common stock$15,483 $13,784 $43,884 $39,713 
Weighted average common shares outstanding, including shares considered participating securities17,324 16,887 17,024 16,875 
Less: Average participating securities(70)(54)(73)(56)
Weighted average shares17,254 16,833 16,951 16,819 
Basic earnings per common share$0.90 $0.82 $2.59 $2.36 
Diluted earnings per common share computation:
Net earnings allocated to common stock$15,483 $13,784 $43,884 $39,713 
Weighted average common shares outstanding for basic earnings per common share17,254 16,833 16,951 16,819 
Add: Dilutive effects of performance based-shares33 33 
Weighted average shares and dilutive potential common shares17,287 16,833 16,984 16,819 
Diluted earnings per common share$0.90 $0.82 $2.59 $2.36