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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2020 and 2019 were as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic Net Income per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available to Common Stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

10,137,000

 

 

$

10,981,000

 

 

$

20,136,000

 

 

$

24,297,000

 

Weighted average common shares outstanding

 

 

16,709,886

 

 

 

16,683,194

 

 

 

16,701,536

 

 

 

16,674,646

 

Basic earnings per common share

 

$

0.61

 

 

$

0.66

 

 

$

1.21

 

 

$

1.46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Net Income per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available to Common Stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to diluted earnings per share

 

$

10,137,000

 

 

$

10,981,000

 

 

$

20,136,000

 

 

$

24,297,000

 

Weighted average common shares outstanding

 

 

16,709,886

 

 

 

16,683,194

 

 

 

16,701,536

 

 

 

16,674,646

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock awarded

 

 

46,908

 

 

 

34,780

 

 

 

46,908

 

 

 

34,780

 

Dilutive potential common shares

 

 

46,908

 

 

 

34,780

 

 

 

46,908

 

 

 

34,780

 

Diluted weighted average common shares outstanding

 

 

16,756,794

 

 

 

16,717,974

 

 

 

16,748,444

 

 

 

16,709,426

 

Diluted earnings per common share

 

$

0.60

 

 

$

0.66

 

 

$

1.20

 

 

$

1.45