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Earnings Per Share
 9 Months Ended
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 shareholders20,159,000 10,854,384 $1.86 
Effect of dilutive securities: restricted stock73,285 
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 shareholders18,839,000 10,811,233 $1.74 
Effect of dilutive securities: restricted stock75,013 
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 shareholders7,095,000 10,863,315 $0.65 
Effect of dilutive securities: restricted stock76,544 
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 shareholders6,288,000 10,818,423 $0.58 
Effect of dilutive securities: restricted stock75,493 
Diluted EPS: Income available to common shareholders plus assumed conversions$6,288,000 10,893,916 $0.58