Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2023 and 2022 were as follows:

	Three months ended				Nine months ended
	September 30,				September 30,
	2023		2022		2023		2022
Basic net income per common share
Available to common stockholders:
Net income	$	15,117,000	$	17,939,000	$	50,864,000	$	52,313,000
Weighted average common shares outstanding		22,220,438		20,454,669		21,086,802		20,070,687
Basic earnings per common share	$	0.68	$	0.88	$	2.41	$	2.61
Diluted net income per common share
Available to common stockholders:
Net income applicable to diluted earnings per share	$	15,117,000	$	17,939,000	$	50,864,000	$	52,313,000
Weighted average common shares outstanding		22,220,438		20,454,669		21,086,802		20,070,687
Dilutive potential common shares: restricted stock awarded		98,896		80,546		90,144		74,748
Diluted weighted average common shares outstanding		22,319,334		20,535,215		21,176,946		20,145,435
Diluted earnings per common share	$	0.68	$	0.88	$	2.40	$	2.60