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Earnings Per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Note 3. Earnings Per Share

Basic earnings per common share is computed by dividing net income available to common stockholders 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 years ended December 31, 2024 and 2023, and 2022.

The following is a summary of the basic and diluted earnings per share computation (dollars in thousands, except share and per share data):

​

​	​	​	​	​	​	​	​	​	​
​	​	2024			2023		​	2022
Basic earnings per share computation:	​	​			​		​	​
Net income available to common shareholders	​	$	36,141	​	$	28,593	​	$	43,022
Average common shares outstanding – basic	​		16,768,956	​		16,805,068	​		16,740,450
Basic earnings per share	​	$	2.16	​	$	1.70	​	$	2.57
Diluted earnings per share computation:	​			​			​
Net income available to common shareholders	​	$	36,141	​	$	28,593	​	$	43,022
Average common shares outstanding – basic	​		16,768,956	​		16,805,068	​		16,740,450
Incremental shares from assumed conversions:	​			​			​
Stock options and restricted stock	​		106,500	​		106,117	​		130,919
Average common shares outstanding - diluted	​		16,875,456	​		16,911,185	​		16,871,369
Diluted earnings per common share	​	$	2.14	​	$	1.69	​	$	2.55

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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

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