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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings per Share (EPS)
The following table sets forth the computation of basic and diluted earnings per share (EPS) for the six months ended June 30, 2021 and 2020:
Income (Numerator)Shares (Denominator)Per-Share Amount
For the six months ended June 30, 2021
Net income as reported$17,709,000 
Basic EPS: Income available to common shareholders17,709,000 10,895,112 $1.63 
Effect of dilutive securities: restricted stock85,179 
Diluted EPS: Income available to common shareholders plus assumed conversions$17,709,000 10,980,291 $1.61 
For the six months ended June 30, 2020
Net income as reported$13,064,000 
Basic EPS: Income available to common shareholders13,064,000 10,849,869 $1.20 
Effect of dilutive securities: restricted stock71,638 
Diluted EPS: Income available to common shareholders plus assumed conversions$13,064,000 10,921,507 $1.20 
The following table sets forth the computation of basic and diluted earnings per share (EPS) for the quarters ended June 30, 2021 and 2020:
Income (Numerator)Shares (Denominator)Per-Share Amount
For the quarter ended June 30, 2021
Net income as reported$8,787,000 
Basic EPS: Income available to common shareholders8,787,000 10,902,013 $0.81 
Effect of dilutive securities: restricted stock84,685 
Diluted EPS: Income available to common shareholders plus assumed conversions$8,787,000 10,986,698 $0.80 
For the quarter ended June 30, 2020
Net income as reported$6,569,000 
Basic EPS: Income available to common shareholders6,569,000 10,855,139 $0.61 
Effect of dilutive securities: restricted stock73,522 
Diluted EPS: Income available to common shareholders plus assumed conversions$6,569,000 10,928,661 $0.60