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Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Note 2: Earnings Per Share

Basic earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares, adjusted for the dilutive effect of stock compensation. For the three and six months ended June 30, 2024, stock options and restricted stock units totaling 1,234,583 and 1,151,825 shares, respectively, were excluded from the calculation because they were deemed to be anti-dilutive. For the three and six months ended June 30, 2023, stock options, restricted stock awards and restricted stock units totaling 1,034,634 and 896,321 shares, respectively, were excluded from the calculation because they were deemed to be antidilutive.

The following table presents the numerators and denominators for basic and diluted earnings per share computations for the three and six months ended June 30, 2024 and 2023:

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

(dollars in thousands, except per share data)

    

2024

    

2023

    

2024

    

2023

Net Income Available to Common Shareholders

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$

7,101

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$

8,802

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$

13,919

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$

19,431

Weighted Average Common Stock Outstanding:

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Weighted Average Common Stock Outstanding (Basic)

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27,386,713

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27,886,425

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27,539,057

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27,807,100

Dilutive Effect of Stock Compensation

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361,471

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312,314

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382,544

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543,605

Weighted Average Common Stock Outstanding (Dilutive)

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27,748,184

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28,198,739

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27,921,601

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28,350,705

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Basic Earnings per Common Share

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$

0.26

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$

0.32

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$

0.51

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$

0.70

Diluted Earnings per Common Share

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0.26

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0.31

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0.50

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0.69

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