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Earnings Per Share
 9 Months Ended
Sep. 30, 2021
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, 2021 and 2020:
Income (Numerator)Shares (Denominator)Per-Share Amount
For the nine months ended September 30, 2021
Net income as reported$26,723,000 
Basic EPS: Income available to common shareholders26,723,000 10,901,793 $2.45 
Effect of dilutive securities: restricted stock82,157 
Diluted EPS: Income available to common shareholders plus assumed conversions$26,723,000 10,983,950 $2.43 
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 
The following table sets forth the computation of basic and diluted earnings per share (EPS) for the quarters ended September 30, 2021 and 2020:
Income (Numerator)Shares (Denominator)Per-Share Amount
For the quarter ended September 30, 2021
Net income as reported$9,014,000 
Basic EPS: Income available to common shareholders9,014,000 10,909,338 $0.83 
Effect of dilutive securities: restricted stock81,811 
Diluted EPS: Income available to common shareholders plus assumed conversions$9,014,000 10,991,149 $0.82 
For the quarter ended September 30, 2020
Net income as reported$7,095,000 
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