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Earnings Per Common Share ("EPS") | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Common Share ("EPS") | (3.) 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 March 31, |
|  | 2023 |  |  | 2022 |
Net income available to common shareholders |  | $ | 11,724 |  |  | $ | 14,618 |
Weighted average common shares outstanding: |  |  |  |  |  |
Total shares issued |  |  | 16,100 |  |  |  | 16,100 |
Unvested restricted stock awards |  |  | (6 | ) |  |  | (5 | )
Treasury shares |  |  | (746 | ) |  |  | (518 | )
Total basic weighted average common shares outstanding |  |  | 15,348 |  |  |  | 15,577 |
Incremental shares from assumed: |  |  |  |  |  |
Vesting of restricted stock awards |  |  | 87 |  |  |  | 122 |
Total diluted weighted average common shares outstanding |  |  | 15,435 |  |  |  | 15,699 |
Basic earnings per common share |  | $ | 0.76 |  |  | $ | 0.94 |
Diluted earnings per common share |  | $ | 0.76 |  |  | $ | 0.93 |
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 March 31, |
|  | 2023 |  |  | 2022 |
Restricted stock awards |  |  | 3 |  |  |  | — |

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