Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

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.

	Three Months Ended March 31,
(Dollars in thousands - except per share amounts)	2024		2023
Distributed earnings allocated to common stock	$	8,309	$	7,892
Undistributed earnings allocated to common stock	20,870		22,977
Net earnings allocated to common stock	29,179		30,869
Net earnings allocated to participating securities	276		255
Net income allocated to common stock and participating securities	$	29,455	$	31,124
Weighted average shares outstanding for basic earnings per common share	24,459,088		24,687,087
Dilutive effect of stock compensation	—		—
Weighted average shares outstanding for diluted earnings per common share	24,459,088		24,687,087
Basic earnings per common share	$	1.19	$	1.25
Diluted earnings per common share	$	1.19	$	1.25