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Earnings Per Common Share ("EPS") | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Common Share ("EPS") | (4.) EARNINGS PER COMMON SHARE (“EPS”) The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts).
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net income available to common shareholders |  | $ | 15,283 |  |  | $ | 19,834 |  |  | $ | 29,902 |  |  | $ | 40,179 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Total shares issued |  |  | 16,100 |  |  |  | 16,100 |  |  |  | 16,100 |  |  |  | 16,100 |
Unvested restricted stock awards |  |  | (5 | ) |  |  | (6 | ) |  |  | (5 | ) |  |  | (6 | )
Treasury shares |  |  | (789 | ) |  |  | (269 | ) |  |  | (655 | ) |  |  | (237 | )
Total basic weighted average common shares outstanding |  |  | 15,306 |  |  |  | 15,825 |  |  |  | 15,440 |  |  |  | 15,857 |
Incremental shares from assumed: |  |  |  |  |  |  |  |  |  |  |  |
Vesting of restricted stock awards |  |  | 79 |  |  |  | 88 |  |  |  | 92 |  |  |  | 86 |
Total diluted weighted average common shares outstanding |  |  | 15,385 |  |  |  | 15,913 |  |  |  | 15,532 |  |  |  | 15,943 |
Basic earnings per common share |  | $ | 1.00 |  |  | $ | 1.25 |  |  | $ | 1.94 |  |  | $ | 2.53 |
Diluted earnings per common share |  | $ | 0.99 |  |  | $ | 1.25 |  |  | $ | 1.93 |  |  | $ | 2.52 |
For each of the periods presented, average shares subject to the following instruments were excluded from the computation of diluted EPS because the effect would be antidilutive (in thousands):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Stock option |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Restricted stock awards |  |  | 21 |  |  |  | 1 |  |  |  | 15 |  |  |  | 6 |
Total |  |  | 21 |  |  |  | 1 |  |  |  | 15 |  |  |  | 6 |

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