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EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the applicable period, excluding outstanding participating securities. Diluted earnings per common share is computed using the weighted average number of common shares determined for the basic computation plus the dilutive effect of potential common shares issuable under certain stock compensation plans. For the three months ended March 31, 2025 and 2024, there were no outstanding stock options to include in the diluted earnings per common share calculations.

Unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per common share pursuant to the two-class method. The Corporation has determined that its outstanding non-vested time-based restricted stock awards are participating securities.

The computation of basic and diluted earnings per common share is shown below:
Three Months Ended March 31,
 20252024
Basic earnings per common share computation:
Net income per condensed consolidated statements of income$10,406 $11,525 
Net earnings allocated to participating securities(57)(92)
Net earnings allocated to common stock$10,349 $11,433 
Distributed earnings allocated to common stock$3,756 $3,646 
Undistributed earnings allocated to common stock6,593 7,787 
Net earnings allocated to common stock$10,349 $11,433 
Weighted average common shares outstanding, including shares considered participating securities20,981 20,979 
Less: Average participating securities(114)(155)
Weighted average shares20,867 20,824 
Basic earnings per common share$0.50 $0.55 
Diluted earnings per common share computation:
Net earnings allocated to common stock$10,349 $11,433 
Weighted average common shares outstanding for basic earnings per common share20,867 20,824 
Add: Dilutive effect of stock compensation58 63 
Weighted average shares and dilutive potential common shares20,925 20,887 
Diluted earnings per common share$0.50 $0.55