| Schedule of Computation of Basic and Diluted Earnings Per Share |
The computation of basic and diluted earnings per common share is shown below: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2023 | | 2022 | | 2023 | | 2022 | | Basic earnings per common share computation: | | | | | | | | | Net income per condensed consolidated statements of income | $ | 12,752 | | | $ | 14,363 | | | $ | 28,166 | | | $ | 28,533 | | | Net earnings allocated to participating securities | (74) | | | (68) | | | (154) | | | (132) | | | Net earnings allocated to common stock | $ | 12,678 | | | $ | 14,295 | | | $ | 28,012 | | | $ | 28,401 | | | Distributed earnings allocated to common stock | $ | 3,650 | | | $ | 2,935 | | | $ | 7,322 | | | $ | 5,879 | | | Undistributed earnings allocated to common stock | 9,028 | | | 11,360 | | | 20,690 | | | 22,522 | | | Net earnings allocated to common stock | $ | 12,678 | | | $ | 14,295 | | | $ | 28,012 | | | $ | 28,401 | | | Weighted average common shares outstanding, including shares considered participating securities | 21,033 | | | 16,860 | | | 21,087 | | | 16,871 | | | Less: Average participating securities | (116) | | | (78) | | | (108) | | | (75) | | | Weighted average shares | 20,917 | | | 16,782 | | | 20,979 | | | 16,796 | | | Basic earnings per common share | $ | 0.61 | | | $ | 0.85 | | | $ | 1.34 | | | $ | 1.69 | | | Diluted earnings per common share computation: | | | | | | | | | Net earnings allocated to common stock | $ | 12,678 | | | $ | 14,295 | | | $ | 28,012 | | | $ | 28,401 | | | Weighted average common shares outstanding for basic earnings per common share | 20,917 | | | 16,782 | | | 20,979 | | | 16,796 | | | Add: Dilutive effect of stock compensation | 40 | | | 33 | | | 40 | | | 34 | | | Weighted average shares and dilutive potential common shares | 20,957 | | | 16,815 | | | 21,019 | | | 16,830 | | | Diluted earnings per common share | $ | 0.61 | | | $ | 0.85 | | | $ | 1.33 | | | $ | 1.69 | |
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