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Earnings Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Note 2. Earnings Per 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. Diluted earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding and dilutive common share equivalents using the treasury stock method. Dilutive common share equivalents include common shares issuable upon exercise of outstanding stock options and restricted stock. The effect from the stock options and restricted stock on incremental shares from the assumed conversions for net income per share-basic and net income per share-diluted are presented below. There were no antidilutive shares for the three and six months ended June 30, 2024, and June 30, 2023, respectively. ​ The following is a summary of the basic and diluted earnings per share computation (dollars in thousands, except share and per share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2024 |  | 2023 | ​ | 2024 |  | 2023
Basic earnings per share computation: |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Net income available to common shareholders | ​ | $ | 8,003 | ​ | $ | 8,836 | ​ | $ | 17,360 | ​ | $ | 20,336
Average common shares outstanding – basic | ​ |  | 16,770,819 | ​ |  | 16,806,389 | ​ |  | 16,810,277 | ​ |  | 16,798,939
Basic earnings per share | ​ | $ | 0.48 | ​ | $ | 0.53 | ​ | $ | 1.03 | ​ | $ | 1.21
Diluted earnings per share computation: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Net income available to common shareholders | ​ | $ | 8,003 | ​ | $ | 8,836 | ​ | $ | 17,360 | ​ | $ | 20,336
Average common shares outstanding – basic | ​ |  | 16,770,819 | ​ |  | 16,806,389 | ​ |  | 16,810,277 | ​ |  | 16,798,939
Incremental shares from assumed conversions: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Stock options and restricted stock | ​ |  | 79,431 | ​ |  | 91,702 | ​ |  | 77,097 | ​ |  | 98,505
Average common shares outstanding - diluted | ​ |  | 16,850,250 | ​ |  | 16,898,091 | ​ |  | 16,887,374 | ​ |  | 16,897,444
Diluted earnings per common share | ​ | $ | 0.48 | ​ | $ | 0.52 | ​ | $ | 1.03 | ​ | $ | 1.20
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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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