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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Calculation of Earnings Per Common Share
The following table presents the calculation of EPS:
(Dollars and shares in thousands, except per share amounts)
Years ended December 31,202220212020
Earnings per basic and diluted earnings per common share:
Net income$71,681 $76,870 $69,829 
Less: dividends and undistributed earnings allocated to participating securities(202)(223)(152)
Net income available to common shareholders$71,479 $76,647 $69,677 
Shares:
Weighted average common shares outstanding17,246 17,310 17,282 
Dilutive effect of common stock equivalents135 145 120 
Weighted average diluted common shares outstanding17,381 17,455 17,402 
Earnings per common share:
Basic earnings per common share$4.14 $4.43 $4.03 
Diluted earnings per common share$4.11 $4.39 $4.00