XML 91 R81.htm IDEA: XBRL DOCUMENT v3.23.3
EARNINGS PER COMMON SHARE - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 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
Weighted average common shares outstanding, including shares considered participating securities (in shares) 20,969,000 17,324,000 21,048,000 17,024,000
Less: Average participating securities (in shares) (109,000) (70,000) (109,000) (73,000)
Weighted average shares (in shares) 20,859,872 17,254,389 20,939,102 16,950,577
Basic earnings per common share (in dollar per 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 (in shares) 20,859,872 17,254,389 20,939,102 16,950,577
Add: Dilutive effects of stock compensation (in shares) 40,000 34,000 40,000 33,000
Weighted average shares and dilutive potential common shares (in shares) 20,899,744 17,287,770 20,979,032 16,983,958
Diluted earnings per common share (in dollar per share) $ 0.60 $ 0.90 $ 1.94 $ 2.59
Distributed earnings allocated to common stock        
Basic earnings per common share computation:        
Net earnings allocated to common stock $ 3,645 $ 2,936 $ 10,969 $ 8,815
Undistributed earnings allocated to common stock        
Basic earnings per common share computation:        
Net earnings allocated to common stock $ 8,936 $ 12,547 $ 29,626 $ 35,069