Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Components of Basic and Diluted Net Income per Common Share

The components of basic and diluted net income per common share available to common stockholders for the three-month period ended March 31, 2020 and 2019 were as follows:

	Three months ended March 31,
	2020		2019
Basic Net Income per Common Share
Available to Common Stockholders:
Net income	$	9,999,000	$	13,316,000
Weighted average common shares outstanding	16,693,183		16,665,999
Basic earnings per common share	$	0.60	$	0.80
Diluted Net Income per Common Share
Available to Common Stockholders:
Net income applicable to diluted earnings per share	$	9,999,000	$	13,316,000
Weighted average common shares outstanding	16,693,183		16,665,999
Dilutive potential common shares:
Restricted stock awarded	46,908		38,780
Dilutive potential common shares	46,908		38,780
Diluted weighted average common shares outstanding	16,740,091		16,704,779
Diluted earnings per common share	$	0.60	$	0.80