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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

​

​	​	​	​	​	​	​
​		Three Months Ended March 31,
​	​	2023			2022
​	​	(In Thousands, Except Per Share Data)
Basic:	​	​	​	​	​	​
Average common shares outstanding	​		12,201	​		12,971
Net income		$	20,456		$	16,987
Per common share amount		$	1.68		$	1.31
​	​	​	​	​	​	​
Diluted:	​	​	​	​	​	​
Average common shares outstanding	​	​	12,201	​	​	12,971
Net effect of dilutive stock options – based on the treasury stock method using average market price	​	​	70	​	​	117
Diluted common shares	​	​	12,271	​	​	13,088
Net income		$	20,456		$	16,987
Per common share amount		$	1.67		$	1.30

​

Options outstanding at March 31, 2023 and 2022, to purchase 672,368 and 376,237 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three month periods because the exercise prices of such options were greater than the average market prices of the common stock for the three months ended March 31, 2023 and 2022, respectively.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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