Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share

The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share for the three years ending December 31.

(Dollars in thousands - except per share amounts)	2023		2022		2021
Distributed earnings allocated to common stock	$	32,001	$	31,095	$	30,369
Undistributed earnings allocated to common stock	91,735		88,419		87,237
Net earnings allocated to common stock	123,736		119,514		117,606
Net earnings allocated to participating securities	1,191		995		928
Net income allocated to common stock and participating securities	$	124,927	$	120,509	$	118,534
Weighted average shares outstanding for basic earnings per common share	24,615,546		24,687,324		25,038,127
Dilutive effect of stock compensation	—		—		—
Weighted average shares outstanding for diluted earnings per common share	24,615,546		24,687,324		25,038,127
Basic earnings per common share	$	5.03	$	4.84	$	4.70
Diluted earnings per common share	$	5.03	$	4.84	$	4.70