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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Common Share | (19.) EARNINGS PER COMMON SHARE The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS for each of the years ended December 31 (in thousands, except per share amounts). All outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities.
|  | 2023 |  |  | 2022 |  |  | 2021 |
Net income available to common shareholders |  | $ | 48,805 |  |  | $ | 55,114 |  |  | $ | 76,237 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Total shares issued |  |  | 16,100 |  |  |  | 16,100 |  |  |  | 16,100 |
Unvested restricted stock awards |  |  | (8 | ) |  |  | (5 | ) |  |  | (5 | )
Treasury shares |  |  | (716 | ) |  |  | (711 | ) |  |  | (254 | )
Total basic weighted average common shares outstanding |  |  | 15,376 |  |  |  | 15,384 |  |  |  | 15,841 |
Incremental shares from assumed: |  |  |  |  |  |  |  |  |
Exercise of stock options |  |  | - |  |  |  | - |  |  |  | - |
Vesting of restricted stock awards |  |  | 99 |  |  |  | 87 |  |  |  | 96 |
Total diluted weighted average common shares outstanding |  |  | 15,475 |  |  |  | 15,471 |  |  |  | 15,937 |
Basic earnings per common share |  | $ | 3.17 |  |  | $ | 3.58 |  |  | $ | 4.81 |
Diluted earnings per common share |  | $ | 3.15 |  |  | $ | 3.56 |  |  | $ | 4.78 |
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:
|  | 2023 |  |  | 2022 |  |  | 2021 |
Restricted stock awards |  |  | 155 |  |  |  | 1 |  |  |  | 3 |
There were no participating securities outstanding for the years ended December 2023, 2022 and 2021. Therefore, the two-class method of calculating basic and diluted EPS was not applicable for the years presented.

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