EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2023

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