EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period, which includes shares held in treasury on behalf of participants in the Company’s Directors Fee Deferral Plan, and share repurchases. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock based awards and warrants, none of which were antidilutive.

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Weighted average shares outstanding for basic earnings per common share	25,527,896		25,473,497		25,521,618		25,465,621
Dilutive effect of stock based awards	169,681		128,566		178,290		131,222
Weighted average shares outstanding for diluted earnings per common share	25,697,577		25,602,063		25,699,908		25,596,843
Basic earnings per common share	$	1.00	$	0.96	$	1.93	$	1.86
Diluted earnings per common share	$	1.00	$	0.95	$	1.92	$	1.85