XML 19 R12.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Earnings Per Common Share ("EPS") | 6 Months Ended
--- | ---
Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share ("EPS") | (2.) 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, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net income available to common shareholders |  | $ | 25,265 |  |  | $ | 14,009 |  |  | $ | 26,970 |  |  | $ | 25,733 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Total shares issued |  |  | 16,100 |  |  |  | 16,100 |  |  |  | 16,100 |  |  |  | 16,100 |
Unvested restricted stock awards |  |  | (10 | ) |  |  | (7 | ) |  |  | (10 | ) |  |  | (10 | )
Treasury shares |  |  | (646 | ) |  |  | (721 | ) |  |  | (666 | ) |  |  | (734 | )
Total basic weighted average common shares outstanding |  |  | 15,444 |  |  |  | 15,372 |  |  |  | 15,424 |  |  |  | 15,356 |
Incremental shares from assumed: |  |  |  |  |  |  |  |  |  |  |  |
Vesting of restricted stock awards |  |  | 112 |  |  |  | 41 |  |  |  | 127 |  |  |  | 71 |
Total diluted weighted average common shares outstanding |  |  | 15,556 |  |  |  | 15,413 |  |  |  | 15,551 |  |  |  | 15,427 |
Basic earnings per common share |  | $ | 1.64 |  |  | $ | 0.91 |  |  | $ | 1.75 |  |  | $ | 1.68 |
Diluted earnings per common share |  | $ | 1.62 |  |  | $ | 0.91 |  |  | $ | 1.73 |  |  | $ | 1.67 |
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, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Restricted stock awards |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | — |

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