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Earnings per Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share using the two class method (in thousands, except per share data): 
Three months ended March 31,
20242023
Net income available to common shareholders$29,523 $24,341 
Less: earnings allocated to participating securities(261)(214)
Net earnings allocated to common shareholders$29,262 $24,127 
Distributed earnings allocated to common stock$10,505 $9,833 
Undistributed earnings allocated to common stock18,757 14,294 
Net earnings allocated to common shareholders$29,262 $24,127 
Average shares outstanding14,795 14,818 
Effect of dilutive securities:  
Employee stock awards24 26 
Shares for diluted earnings per share14,819 14,844 
Basic earnings per share$1.98 $1.63 
Diluted earnings per share$1.97 $1.63 
Anti-dilutive options are not included in the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common shares and therefore, the effect would have been anti-dilutive. Anti-dilutive options were not significant for any of the periods shown above.