Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021 and 2020 were as follows:

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Basic net income per common share
Available to common stockholders:
Net income	$	12,221,000	$	10,137,000	$	16,330,000	$	20,136,000
Weighted average common shares outstanding		18,067,190		16,709,886		17,685,679		16,701,536
Basic earnings per common share	$	0.68	$	0.61	$	0.92	$	1.21
Diluted net income per common share
Available to common stockholders:
Net income applicable to diluted earnings per share	$	12,221,000	$	10,137,000	$	16,330,000	$	20,136,000
Weighted average common shares outstanding		18,067,190		16,709,886		17,685,679		16,701,536
Dilutive potential common shares: restricted stock awarded		53,020		46,908		53,020		46,908
Diluted weighted average common shares outstanding		18,120,210		16,756,794		17,738,699		16,748,444
Diluted earnings per common share	$	0.68	$	0.60	$	0.92	$	1.20

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