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Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The computations of basic and diluted earnings per common share for the Company were as follows:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
(in thousands, except share amounts)			2024						2023						2024						2023
Numerator:
Net income - basic			$	8,754					$	8,021					$	24,929					$	26,587
Net income - diluted			$	8,754					$	8,021					$	24,929					$	26,587
Denominator:
Weighted average shares outstanding - basic			6,851,223						7,168,413						6,932,137						7,176,219
Plus: Effect of Director Compensation Program			173						170						981						651
Plus: Effect of restricted stock			16,078						11,501						16,078						11,501
Weighted average shares outstanding - diluted			6,867,474						7,180,084						6,949,196						7,188,371
Earnings per common share:
Basic			$	1.28					$	1.12					$	3.60					$	3.70
Diluted			$	1.27					$	1.12					$	3.59					$	3.70

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- References

No definition available.

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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

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