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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Mar. 31, 2025
Accounting Policies [Abstract] |
Schedule of Changes in Non-Vested Performance-Based Shares | Changes in non-vested shares dependent on performance criteria for the three months ended March 31, 2025 were as follows:
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  | Number of |  |  | Grant Date |
|  | Shares |  |  | Fair Value |
Balance, January 1, 2025 |  |  | 135,477 |  |  | $ | 33.35 |
Granted during 2025 |  |  | 66,252 |  |  |  | 29.55 |
Vested during 2025 |  |  | (65,515 | ) |  |  | 36.80 |
Forfeited during 2025 |  |  | — |  |  |  | — |
Balance, March 31, 2025 |  |  | 136,214 |  |  | $ | 30.38 |
Schedule of Changes in Service-Based Restricted Stock Awards/Units | Changes in service-based restricted stock awards/units for the three months ended March 31, 2025 were as follows:
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  | Number of |  |  | Grant Date |
|  | Shares |  |  | Fair Value |
Balance, January 1, 2025 |  |  | 247,905 |  |  | $ | 33.00 |
Granted during 2025 |  |  | 88,101 |  |  |  | 29.55 |
Vested during 2025 |  |  | (109,004 | ) |  |  | 33.54 |
Forfeited during 2025 |  |  | (582 | ) |  |  | 30.96 |
Balance, March 31, 2025 |  |  | 226,420 |  |  | $ | 31.40 |
Schedule of Calculation of Basic and Diluted Earnings per Share | The following is a reconciliation of the calculation of basic and diluted earnings per share. Basic net income per share is calculated by dividing net income available to shareholders by the weighted average shares outstanding during the reporting period. Diluted net income per share is computed similarly to that of basic net income per share, except that the denominator is increased to include the number of additional shares that would have been outstanding utilizing the Treasury Stock Method if all shares underlying potentially dilutive stock options were issued and all shares of restricted stock, stock warrants or restricted stock units were to vest during the reporting period.
| Three Months Ended |
| March 31, |
(Dollars in thousands, except per share data) | 2025 |  |  | 2024 |
Net income available to common shareholders | $ | 7,595 |  |  | $ | 8,631 |
Basic weighted average shares outstanding |  | 17,610,917 |  |  |  | 17,711,639 |
Plus: common stock equivalents |  | 201,305 |  |  |  | 93,708 |
Diluted weighted average shares outstanding |  | 17,812,222 |  |  |  | 17,805,347 |
Net income per share |  |  |  |  |
Basic | $ | 0.43 |  |  | $ | 0.49 |
Diluted |  | 0.43 |  |  |  | 0.48 |

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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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