XML 44 R34.htm IDEA: XBRL DOCUMENT v3.23.1
EARNINGS PER COMMON SHARE (Tables)
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The computation of basic and diluted earnings per common share is shown below:
Three Months Ended March 31,
 20232022
Basic earnings per common share computation:
Net income per condensed consolidated statements of income$15,414 $14,170 
Net earnings allocated to participating securities(78)(63)
Net earnings allocated to common stock$15,336 $14,107 
Distributed earnings allocated to common stock$3,673 $2,944 
Undistributed earnings allocated to common stock11,663 11,163 
Net earnings allocated to common stock$15,336 $14,107 
Weighted average common shares outstanding, including shares considered participating securities21,143 16,883 
Less: Average participating securities(100)(72)
Weighted average shares21,043 16,811 
Basic earnings per common share$0.73 $0.84 
Diluted earnings per common share computation:
Net earnings allocated to common stock$15,336 $14,107 
Weighted average common shares outstanding for basic earnings per common share21,043 16,811 
Add: Dilutive effect of stock compensation35 33 
Weighted average shares and dilutive potential common shares21,078 16,844 
Diluted earnings per common share$0.73 $0.84