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Earnings Per Share | 9 Months Ended
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Sep. 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 nine months ended September 30, 2024, and September 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 | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2024 |  | 2023 | ​ | 2024 |  | 2023
Basic earnings per share computation: |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Net income available to common shareholders | ​ | $ | 9,140 | ​ | $ | 2,067 | ​ | $ | 26,500 | ​ | $ | 22,403
Average common shares outstanding – basic | ​ |  | 16,726,658 | ​ |  | 16,807,548 | ​ |  | 16,782,200 | ​ |  | 16,801,840
Basic earnings per share | ​ | $ | 0.55 | ​ | $ | 0.12 | ​ | $ | 1.58 | ​ | $ | 1.33
Diluted earnings per share computation: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Net income available to common shareholders | ​ | $ | 9,140 | ​ | $ | 2,067 | ​ | $ | 26,500 | ​ | $ | 22,403
Average common shares outstanding – basic | ​ |  | 16,726,658 | ​ |  | 16,807,548 | ​ |  | 16,782,200 | ​ |  | 16,801,840
Incremental shares from assumed conversions: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Stock options and restricted stock | ​ |  | 113,340 | ​ |  | 111,087 | ​ |  | 92,116 | ​ |  | 105,485
Average common shares outstanding - diluted | ​ |  | 16,839,998 | ​ |  | 16,918,635 | ​ |  | 16,874,316 | ​ |  | 16,907,325
Diluted earnings per common share | ​ | $ | 0.54 | ​ | $ | 0.12 | ​ | $ | 1.57 | ​ | $ | 1.33
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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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