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Earnings Per Share | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (EPS) for the nine months ended September 30, 2020 and 2019:
| Income (Numerator) |  | Shares (Denominator) |  | Per-Share Amount
For the nine months ended September 30, 2020 |  |  |  |  |
Net income as reported | $ | 20,159,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 20,159,000 |  |  | 10,854,384 |  |  | $ | 1.86 |
Effect of dilutive securities: restricted stock |  |  | 73,285 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 20,159,000 |  |  | 10,927,669 |  |  | $ | 1.84 |
For the nine months ended September 30, 2019 |  |  |  |  |
Net income as reported | $ | 18,839,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 18,839,000 |  |  | 10,811,233 |  |  | $ | 1.74 |
Effect of dilutive securities: restricted stock |  |  | 75,013 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 18,839,000 |  |  | 10,886,246 |  |  | $ | 1.73 |
The following table sets forth the computation of basic and diluted earnings per share (EPS) for the quarters ended September 30, 2020 and 2019:
| Income (Numerator) |  | Shares (Denominator) |  | Per-Share Amount
For the quarter ended September 30, 2020 |  |  |  |  |
Net income as reported | $ | 7,095,000 |  |  |  |  |
Less dividends and amortization of premium on preferred stock | — |  |  |  |  |
Basic EPS: Income available to common shareholders | 7,095,000 |  |  | 10,863,315 |  |  | $ | 0.65 |
Effect of dilutive securities: restricted stock |  |  | 76,544 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 7,095,000 |  |  | 10,939,859 |  |  | $ | 0.65 |
For the quarter ended September 30, 2019 |  |  |  |  |
Net income as reported | $ | 6,288,000 |  |  |  |  |
Less dividends and amortization of premium on preferred stock | — |  |  |  |  |
Basic EPS: Income available to common shareholders | 6,288,000 |  |  | 10,818,423 |  |  | $ | 0.58 |
Effect of dilutive securities: restricted stock |  |  | 75,493 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 6,288,000 |  |  | 10,893,916 |  |  | $ | 0.58 |

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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=6371337&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=6371337&loc=d3e3630-109257 + Details
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