Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted EPS for the years ended December 31, 2022, 2021 and 2020 are presented below.

	For the Year Ended December 31,
	2022		2021		2020
	(in thousands, except earnings per share amounts)
Basic EPS:
Net income – basic	$	55,602	$	65,756	$	86,602
Basic weighted average common shares		19,233		19,332		19,289
Basic earnings per share	$	2.89	$	3.40	$	4.49
Diluted EPS:
Net income – diluted	$	55,602	$	65,756	$	86,602
Diluted weighted average common shares:
Weighted average common shares		19,233		19,332		19,289
Restricted stock and RSUs		89		77		75
Diluted weighted average common shares		19,322		19,409		19,364
Diluted earnings per common share	$	2.88	$	3.39	$	4.47

Reconciliation of Weighted Average Shares used for Basic and Diluted Earnings Per Share Calculation

The table below sets forth the reconciliation of the weighted average shares used for the basic and diluted EPS calculation.

	Years Ended
	2022		2021		2020
Basic weighted average common shares		19,233,241		19,332,391		19,288,996
Add: Other common shares eligible for common dividends:
Restricted stock and RSUs		88,476		76,228		74,813
Diluted weighted average common shares		19,321,717		19,408,619		19,363,809