Shareholders' Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Note [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of basic and diluted net income per common share follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(In thousands, except per share data)
Net income	$	17,543	$	17,297	$	45,324	$	48,265
Weighted average shares outstanding (1)	20,922		21,058		21,021		21,106
Stock units for deferred compensation plan for non-employee directors	163		139		157		134
Effect of stock options	8		30		12		43
Performance share units	21		25		17		23
Weighted average shares outstanding for calculation of diluted earnings per share	21,114		21,252		21,207		21,306
Net income per common share
Basic (1)	$	0.84	$	0.82	$	2.16	$	2.29
Diluted	$	0.83	$	0.81	$	2.14	$	2.27

(1)Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.