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EARNINGS PER COMMON SHARE (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Basic earnings per common share computation: |  |  |  |  |  |  |
Net income per condensed consolidated statements of income | $ | 12,651 |  |  | $ | 15,549 |  |  | $ | 40,817 |  |  | $ | 44,082 |
Net earnings allocated to participating securities | (70) |  |  | (66) |  |  | (222) |  |  | (198) |
Net earnings allocated to common stock | $ | 12,581 |  |  | $ | 15,483 |  |  | $ | 40,595 |  |  | $ | 43,884 |
Distributed earnings allocated to common stock | $ | 3,645 |  |  | $ | 2,936 |  |  | $ | 10,969 |  |  | $ | 8,815 |
Undistributed earnings allocated to common stock | 8,936 |  |  | 12,547 |  |  | 29,626 |  |  | 35,069 |
Net earnings allocated to common stock | $ | 12,581 |  |  | $ | 15,483 |  |  | $ | 40,595 |  |  | $ | 43,884 |
Weighted average common shares outstanding, including shares considered participating securities | 20,969 |  |  | 17,324 |  |  | 21,048 |  |  | 17,024 |
Less: Average participating securities | (109) |  |  | (70) |  |  | (109) |  |  | (73) |
Weighted average shares | 20,860 |  |  | 17,254 |  |  | 20,939 |  |  | 16,951 |
Basic earnings per common share | $ | 0.60 |  |  | $ | 0.90 |  |  | $ | 1.94 |  |  | $ | 2.59 |
Diluted earnings per common share computation: |  |  |  |  |  |  |
Net earnings allocated to common stock | $ | 12,581 |  |  | $ | 15,483 |  |  | $ | 40,595 |  |  | $ | 43,884 |
Weighted average common shares outstanding for basic earnings per common share | 20,860 |  |  | 17,254 |  |  | 20,939 |  |  | 16,951 |
Add: Dilutive effect of stock compensation | 40 |  |  | 34 |  |  | 40 |  |  | 33 |
Weighted average shares and dilutive potential common shares | 20,900 |  |  | 17,288 |  |  | 20,979 |  |  | 16,984 |
Diluted earnings per common share | $ | 0.60 |  |  | $ | 0.90 |  |  | $ | 1.94 |  |  | $ | 2.59 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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