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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
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 years ended December 31, 2022, 2021, and 2020 were as follows:

 

 

2022

 

 

2021

 

 

2020

 

Basic net income per common share available to common stockholders:

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

 

 

72,952,000

 

 

 

51,490,000

 

 

 

45,270,000

 

Weighted average common shares outstanding

 

 

20,169,077

 

 

 

17,886,998

 

 

 

16,716,880

 

Basic earnings per common share

 

$

3.62

 

 

$

2.88

 

 

$

2.71

 

Diluted net income per common share available to common stockholders:

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

 

$

72,952,000

 

 

$

51,490,000

 

 

$

45,270,000

 

Weighted average common shares outstanding

 

 

20,169,077

 

 

 

17,886,998

 

 

 

16,716,880

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

 

Restricted stock awarded

 

 

74,558

 

 

 

52,009

 

 

 

45,976

 

Dilutive potential common shares

 

 

74,558

 

 

 

52,009

 

 

 

45,976

 

Diluted weighted average common shares outstanding

 

 

20,243,635

 

 

 

17,939,007

 

 

 

16,762,856

 

Diluted earnings per common share

 

$

3.60

 

 

$

2.87

 

 

$

2.70