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Earnings per Common Share | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
Earnings per Common Share | NOTE 21 - EARNINGS PER COMMON SHARE The factors used in the earnings per share computation follow.
|  | 2021 |  |  | 2020 |  |  | 2019 |
Basic |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 40,546 |  |  | $ | 32,192 |  |  | $ | 33,878 |
Preferred stock dividends |  |  | — |  |  |  | — |  |  |  | 647 |
Less allocation of earnings and dividends to participating securities |  |  | 173 |  |  |  | 98 |  |  |  | 87 |
Net income available to common shareholders—basic |  | $ | 40,373 |  |  | $ | 32,094 |  |  | $ | 33,144 |
Weighted average common shares outstanding |  |  | 15,408,863 |  |  |  | 16,129,875 |  |  |  | 15,652,881 |
Less average participating securities |  |  | 65,648 |  |  |  | 49,012 |  |  |  | 40,013 |
Weighted average number of shares outstanding used in the calculation of basic earnings per common share |  |  | 15,343,215 |  |  |  | 16,080,863 |  |  |  | 15,612,868 |
Basic earnings per share |  | $ | 2.63 |  |  | $ | 2.00 |  |  | $ | 2.12 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders—basic |  | $ | 40,373 |  |  | $ | 32,094 |  |  | $ | 33,144 |
Preferred stock dividends on convertible preferred stock |  |  | — |  |  |  | — |  |  |  | 647 |
Net income available to common shareholders—diluted |  | $ | 40,373 |  |  | $ | 32,094 |  |  | $ | 33,791 |
Weighted average common shares outstanding used in the calculation of earnings per common share basic |  |  | 15,343,215 |  |  |  | 16,080,863 |  |  |  | 15,612,868 |
Add: dilutive effects of convertible preferred shares |  |  | — |  |  |  | — |  |  |  | 1,198,859 |
Average shares and dilutive potential common shares outstanding—diluted |  |  | 15,343,215 |  |  |  | 16,080,863 |  |  |  | 16,851,740 |
Diluted earnings per share |  | $ | 2.63 |  |  | $ | 2.00 |  |  | $ | 2.01 |
The presentation for earnings per common share for prior periods was revised to present under the two-class method. Earnings per common share for prior periods was not impacted. Basic earnings per common share are calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under the equity incentive plan, computed using the treasury stock method, and the impact of the Company’s convertible preferred shares using the “if converted” method.

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- Definition 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 http://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 http://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 http://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 http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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