XML 32 R22.htm IDEA: XBRL DOCUMENT v3.23.3
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Calculation of Basic Earnings Per Share

 

 

(In thousands of dollars, except per share data)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2023

 

 

September 30, 2022

 

 

September 30, 2023

 

 

September 30, 2022

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

4,777

 

 

$

8,954

 

 

$

17,244

 

 

$

25,327

 

Less: distributed earnings allocated to participating
   securities

 

 

(33

)

 

 

(26

)

 

 

(95

)

 

 

(67

)

Less: undistributed earnings allocated to participating
   securities

 

 

(20

)

 

 

(42

)

 

 

(90

)

 

 

(148

)

Net earnings available to common shareholders

 

$

4,724

 

 

$

8,886

 

 

$

17,059

 

 

$

25,112

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding including
   participating securities

 

 

13,650,823

 

 

 

13,083,145

 

 

 

13,633,101

 

 

 

13,071,859

 

Less: average unvested restricted shares

 

 

(152,127

)

 

 

(99,838

)

 

 

(146,184

)

 

 

(111,209

)

Weighted average common shares outstanding

 

 

13,498,696

 

 

 

12,983,307

 

 

 

13,486,917

 

 

 

12,960,650

 

Basic and diluted earnings per share

 

$

0.35

 

 

$

0.68

 

 

$

1.26

 

 

$

1.94