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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings per Share

The following table shows the calculation of both basic and diluted earnings per share for the years ended December 31, 2021, 2020 and 2019:

 

(In thousands, except share and per share data)

 

2021

 

 

2020

 

 

2019

 

Net income available to common shareholders

 

$

56,622

 

 

$

26,192

 

 

$

47,434

 

Basic weighted average shares outstanding

 

 

18,788,679

 

 

 

18,896,825

 

 

 

19,268,870

 

Plus:  common stock equivalents

 

 

503,923

 

 

 

184,362

 

 

 

142,578

 

Diluted weighted average shares outstanding

 

 

19,292,602

 

 

 

19,081,187

 

 

 

19,411,448

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

3.01

 

 

$

1.39

 

 

$

2.46

 

Diluted

 

 

2.93

 

 

 

1.37

 

 

 

2.44