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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

EARNINGS PER SHARE

EARNINGS PER SHARE

​

NOTE 7.           EARNINGS PER SHARE

​

The following table presents the calculation of earnings per share:

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
(in thousands, except per share and share data)		2023			2022
Net income	​	$	13,012	​	$	9,112
​	​	​	​	​	​	​
Average number of basic common shares outstanding	​		15,109,847	​		15,010,834
Plus: dilutive effect of stock options and awards outstanding	​		80,242	​		90,951
Average number of diluted common shares outstanding(1)	​		15,190,089	​		15,101,785
​	​	​	​	​	​	​
Earnings per share:	​			​
Basic	​	$	0.86	​	$	0.61
Diluted	​	​	0.86	​	​	0.60

(1) Average diluted shares outstanding are computed using the treasury stock method.

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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