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Earnings Per Common Share ("EPS") (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Reconciliation of Earnings and Shares Used in Calculating Basic and Diluted 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). All outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities. There were no participating securities outstanding for the three and six months ended June 30, 2025 and 2024. Therefore, the two-class method of calculating basic and diluted EPS was not applicable for the periods presented.
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net income available to common shareholders |  | $ | 17,168 |  |  | $ | 25,265 |  |  | $ | 33,681 |  |  | $ | 26,970 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Total shares issued |  |  | 20,700 |  |  |  | 16,100 |  |  |  | 20,700 |  |  |  | 16,100 |
Unvested restricted stock awards |  |  | (10 | ) |  |  | (10 | ) |  |  | (10 | ) |  |  | (10 | )
Treasury shares |  |  | (583 | ) |  |  | (646 | ) |  |  | (600 | ) |  |  | (666 | )
Total basic weighted average common shares outstanding |  |  | 20,107 |  |  |  | 15,444 |  |  |  | 20,090 |  |  |  | 15,424 |
Incremental shares from assumed: |  |  |  |  |  |  |  |  |  |  |  |
Vesting of restricted stock awards |  |  | 187 |  |  |  | 112 |  |  |  | 201 |  |  |  | 127 |
Total diluted weighted average common shares outstanding |  |  | 20,294 |  |  |  | 15,556 |  |  |  | 20,291 |  |  |  | 15,551 |
Basic earnings per common share |  | $ | 0.85 |  |  | $ | 1.64 |  |  | $ | 1.68 |  |  | $ | 1.75 |
Diluted earnings per common share |  | $ | 0.85 |  |  | $ | 1.62 |  |  | $ | 1.66 |  |  | $ | 1.73 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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