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Shareholders’ Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of Earnings Per Share |
Table 7.1: EPS
|  | Three months ended |  | Six months ended
(in thousands, except share count and earnings per common share) |  | June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
Net income |  | $ | 10,782 |  |  | $ | 12,729 |  |  | $ | 21,413 |  |  | $ | 25,890 |
Basic weighted average common shares outstanding |  | 21,039,798 |  |  | 17,165,344 |  |  | 19,115,333 |  |  | 17,157,801 |
Add: Dilutive effects of assumed vesting of restricted stock |  | 18,287 |  |  | 3,651 |  |  | 50,207 |  |  | 24,067 |
Total dilutive weighted average common shares outstanding |  | 21,058,085 |  |  | 17,168,995 |  |  | 19,165,540 |  |  | 17,181,868 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic EPS |  | $ | 0.51 |  |  | $ | 0.74 |  |  | $ | 1.12 |  |  | $ | 1.51 |
Diluted EPS |  | $ | 0.51 |  |  | $ | 0.74 |  |  | 1.12 |  |  | 1.51 |
Nonvested Restricted Stock Shares | Table 7.2 summarizes activity related to restricted shares for the periods indicated.
Table 7.2: Restricted Share Activity
|  | For the three months ended June 30, |  | For the six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value
Beginning of the period balance |  | 162,348 |  |  | $ | 21.22 |  |  | 108,363 |  |  | $ | 21.43 |  |  | 69,338 |  |  | $ | 20.53 |  |  | 96,826 |  |  | $ | 20.34 |
Shares granted |  | — |  |  | — |  |  | — |  |  | — |  |  | 96,380 |  |  | 21.97 |  |  | 16,978 |  |  | 28.52 |
Shares vested |  | (23,723) |  |  | 20.00 |  |  | (24,492) |  |  | 20.00 |  |  | (26,975) |  |  | 21.03 |  |  | (29,933) |  |  | 20.78 |
Shares forfeited |  | (1,168) |  |  | 21.69 |  |  | (1,547) |  |  | 26.95 |  |  | (1,286) |  |  | 21.54 |  |  | (1,547) |  |  | 26.95 |
End of the period balance |  | 137,457 |  |  | $ | 21.43 |  |  | 82,324 |  |  | $ | 21.75 |  |  | 137,457 |  |  | $ | 21.43 |  |  | 82,324 |  |  | $ | 21.75 |

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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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