Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and 2022 were as follows:

	Three months ended March 31,
	2023		2022
Basic net income per common share
Available to common stockholders:
Net income	$	19,180,000	$	16,616,000
Weighted average common shares outstanding		20,492,254		19,295,860
Basic earnings per common share	$	0.94	$	0.86
Diluted net income per common share
Available to common stockholders:
Net income applicable to diluted earnings per share	$	19,180,000	$	16,616,000
Weighted average common shares outstanding		20,492,254		19,295,860
Dilutive potential common shares: restricted stock awarded		71,718		62,597
Diluted weighted average common shares outstanding		20,563,972		19,358,457
Diluted earnings per common share	$	0.93	$	0.86