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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings per Share

The following represent the calculation of basic and diluted earnings per share for the periods presented:

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

Net income

 

$

22,311

 

 

$

21,798

 

Less: Dividends on preferred shares

 

 

196

 

 

 

196

 

Net income available to common stockholders

 

$

22,115

 

 

$

21,602

 

Weighted-average common stock outstanding:

 

 

 

 

 

 

Weighted-average common stock outstanding (basic)

 

 

37,123,161

 

 

 

38,164,201

 

Incremental shares

 

 

919,661

 

 

 

751,281

 

Weighted-average common stock outstanding (dilutive)

 

 

38,042,822

 

 

 

38,915,482

 

Basic earnings per common share

 

$

0.60

 

 

$

0.57

 

Diluted earnings per common share

 

$

0.58

 

 

$

0.56