Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any restricted stock or RSUs become vested.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
	(in thousands, except share and per share amounts)
Basic EPS:
Net income	$	9,961	$	11,361	$	42,927	$	34,824
Basic weighted average common shares		19,164,854		19,198,320		19,145,432		19,267,602
Basic earnings per common share	$	0.52	$	0.59	$	2.24	$	1.81
Diluted EPS:
Net income	$	9,961	$	11,361	$	42,927	$	34,824
Diluted weighted average common shares:
Weighted average common shares		19,164,854		19,198,320		19,145,432		19,267,602
Restricted stock and RSUs		58,734		71,026		72,174		73,296
Diluted weighted average common shares		19,223,588		19,269,346		19,217,606		19,340,898
Diluted earnings per common share	$	0.52	$	0.59	$	2.23	$	1.80