XML 22 R13.htm IDEA: XBRL DOCUMENT
v3.23.3

Earnings Per Common Share ("EPS") | 9 Months Ended
--- | ---
Sep. 30, 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 September 30, |  |  | Nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net income available to common shareholders |  | $ | 13,657 |  |  | $ | 13,489 |  |  | $ | 39,390 |  |  | $ | 43,390 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Total shares issued |  |  | 16,100 |  |  |  | 16,100 |  |  |  | 16,100 |  |  |  | 16,100 |
Unvested restricted stock awards |  |  | (11 | ) |  |  | (6 | ) |  |  | (8 | ) |  |  | (5 | )
Treasury shares |  |  | (698 | ) |  |  | (765 | ) |  |  | (721 | ) |  |  | (692 | )
Total basic weighted average common shares outstanding |  |  | 15,391 |  |  |  | 15,329 |  |  |  | 15,371 |  |  |  | 15,403 |
Incremental shares from assumed: |  |  |  |  |  |  |  |  |  |  |  |
Vesting of restricted stock awards |  |  | 71 |  |  |  | 64 |  |  |  | 72 |  |  |  | 81 |
Total diluted weighted average common shares outstanding |  |  | 15,462 |  |  |  | 15,393 |  |  |  | 15,443 |  |  |  | 15,484 |
Basic earnings per common share |  | $ | 0.89 |  |  | $ | 0.88 |  |  | $ | 2.56 |  |  | $ | 2.82 |
Diluted earnings per common share |  | $ | 0.88 |  |  | $ | 0.88 |  |  | $ | 2.55 |  |  | $ | 2.80 |
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 September 30, |  |  | Nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Restricted stock awards |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration