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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | At December 31, 2023, the future estimated amortization expense for the CDI arising from our past acquisitions was as follows:
(in thousands) | 2024 | 2025 | 2026 | 2027 | 2028 | Thereafter | Total
Core deposit intangible amortization | $ | 975 |  | $ | 875 |  | $ | 773 |  | $ | 634 |  | $ | 242 |  | $ | 267 |  | $ | 3,766 |
Schedule of Earnings Per Share Reconciliation | The following table shows: 1) weighted average basic shares, 2) potentially dilutive weighted average common shares related to stock options and unvested restricted stock awards, and 3) weighted average diluted shares. Basic EPS are calculated by dividing net income by the weighted average number of common shares outstanding during each annual period, excluding unvested restricted stock awards. Diluted EPS are calculated using the weighted average number of potentially dilutive common shares. The number of potentially dilutive common shares included in year-to-date diluted EPS is a year-to-date weighted average of potentially dilutive common shares included in each quarterly diluted EPS computation. In computing diluted EPS, we exclude anti-dilutive shares such as options whose exercise prices exceed the current common stock price, as they would not reduce EPS under the treasury stock method. We have two forms of outstanding common stock: common stock and unvested restricted stock awards. Holders of unvested restricted stock awards receive non-forfeitable dividends at the same rate as common shareholders and they both share equally in undistributed earnings. Under the two-class method, the difference in EPS is nominal for these participating securities.
(in thousands, except per share data) | 2023 | 2022 | 2021
Weighted average basic common shares outstanding | 16,012 |  | 15,921 |  | 14,340 |
Potentially dilutive common shares related to: |  |  |
Stock options | 3 |  | 31 |  | 62 |
Unvested restricted stock awards | 11 |  | 17 |  | 20 |
Weighted average diluted common shares outstanding | 16,026 |  | 15,969 |  | 14,422 |
Net income | $ | 19,895 |  | $ | 46,586 |  | $ | 33,228 |
Basic EPS | $ | 1.24 |  | $ | 2.93 |  | $ | 2.32 |
Diluted EPS | $ | 1.24 |  | $ | 2.92 |  | $ | 2.30 |
Weighted average anti-dilutive common shares not included in the calculation of diluted EPS | 364 |  | 211 |  | 97 |

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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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