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EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Basic earnings per common share computation: |  |  |  |  |  |  |
Net income per condensed consolidated statements of income | $ | 11,882 |  |  | $ | 12,752 |  |  | $ | 23,407 |  |  | $ | 28,166 |
Net earnings allocated to participating securities | (101) |  |  | (74) |  |  | (192) |  |  | (154) |
Net earnings allocated to common stock | $ | 11,781 |  |  | $ | 12,678 |  |  | $ | 23,215 |  |  | $ | 28,012 |
Distributed earnings allocated to common stock | $ | 3,642 |  |  | $ | 3,650 |  |  | $ | 7,288 |  |  | $ | 7,322 |
Undistributed earnings allocated to common stock | 8,139 |  |  | 9,028 |  |  | 15,927 |  |  | 20,690 |
Net earnings allocated to common stock | $ | 11,781 |  |  | $ | 12,678 |  |  | $ | 23,215 |  |  | $ | 28,012 |
Weighted average common shares outstanding, including shares considered participating securities | 21,005 |  |  | 21,033 |  |  | 20,992 |  |  | 21,087 |
Less: Average participating securities | (174) |  |  | (116) |  |  | (165) |  |  | (108) |
Weighted average shares | 20,831 |  |  | 20,917 |  |  | 20,827 |  |  | 20,979 |
Basic earnings per common share | $ | 0.57 |  |  | $ | 0.61 |  |  | $ | 1.12 |  |  | $ | 1.34 |
Diluted earnings per common share computation: |  |  |  |  |  |  |
Net earnings allocated to common stock | $ | 11,781 |  |  | $ | 12,678 |  |  | $ | 23,215 |  |  | $ | 28,012 |
Weighted average common shares outstanding for basic earnings per common share | 20,831 |  |  | 20,917 |  |  | 20,827 |  |  | 20,979 |
Add: Dilutive effect of stock compensation | 62 |  |  | 40 |  |  | 63 |  |  | 40 |
Weighted average shares and dilutive potential common shares | 20,893 |  |  | 20,957 |  |  | 20,890 |  |  | 21,019 |
Diluted earnings per common share | $ | 0.56 |  |  | $ | 0.61 |  |  | $ | 1.11 |  |  | $ | 1.33 |

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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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