XML 22 R13.htm IDEA: XBRL DOCUMENT v3.23.2

Net Income Per Common Share

6 Months Ended

Jun. 30, 2023

Net Income Per Common Share [Abstract]

Net Income Per Common Share

Note 5 – Net Income per Common Share

Basic net income per common share is computed by dividing net income less dividends on preferred stock by the weighted average number of shares of common stock outstanding. The diluted net income per common share is computed by adjusting the weighted average number of shares of common stock outstanding to include the effects of outstanding stock options, if dilutive, using the treasury stock method. Dilution is not applicable in periods of net loss. For the three and six months ended June 30, 2023 and 2022, the difference in the weighted average number of basic and diluted common shares was due solely to the effects of outstanding stock options. For the three and six months ended June 30, 2023 and 2022, there were no outstanding options considered to be anti-dilutive.

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations:

		For the Three Months Ended June 30,
		2023								2022
			Income		Shares			Per Share			Income		Shares			Per Share
			(Numerator)		(Denominator)			Amount			(Numerator)		(Denominator)			Amount
		(In Thousands, except per share data)
Basic earnings per share:
Income available to common stockholders		$	8,430		16,824		$	0.50		$	10,025		16,997		$	0.59
Effect of dilutive securities:
Stock options			-		7						-		407
Diluted earnings per share:
Income available to common stockholders		$	8,430		16,831		$	0.50		$	10,025		17,404		$	0.58

		For the Six Months Ended June 30,
		2023								2022
			Income		Shares			Per Share			Income		Shares			Per Share
			(Numerator)		(Denominator)			Amount			(Numerator)		(Denominator)			Amount
		(In Thousands, except per share data)
Basic earnings per share:
Income available to common stockholders		$	16,363		16,886		$	0.97		$	19,701		16,989		$	1.16
Effect of dilutive securities:
Stock options			-		124						-		386
Diluted earnings per share:
Income available to common stockholders		$	16,363		17,010		$	0.96		$	19,701		17,375		$	1.13

 

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

+ Details

Name:	us-gaap_EarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration