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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2022
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 nine months ended September 30, 2022 and 2021:
Income (Numerator)Shares (Denominator)Per-Share Amount
For the nine months ended September 30, 2022
Net income as reported$29,793,000 
Basic EPS: Income available to common shareholders29,793,000 10,927,920 $2.73 
Effect of dilutive securities: restricted stock98,651 
Diluted EPS: Income available to common shareholders plus assumed conversions$29,793,000 11,026,571 $2.70 
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 
The following table sets forth the computation of basic and diluted earnings per share (EPS) for the quarters ended September 30, 2022 and 2021:
Income (Numerator)Shares (Denominator)Per-Share Amount
For the quarter ended September 30, 2022
Net income as reported$10,091,000 
Basic EPS: Income available to common shareholders10,091,000 10,934,492 $0.92 
Effect of dilutive securities: restricted stock100,899 
Diluted EPS: Income available to common shareholders plus assumed conversions$10,091,000 11,035,391 $0.91 
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