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Earnings Per Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Note 10. Earnings Per Share

The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period, adjusted for stock splits. The computation of diluted earnings per share for the Company begins with the basic earnings per share and includes the effect of common shares contingently issuable from stock options, restricted share units and PSUs.

The following is a summary of components comprising basic and diluted earnings per share (“EPS”) for the three months ended March 31, 2024 and 2023:

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

(Dollars in Thousands Except
 Share and Per Share Amounts)

 

Basic EPS Computation:

 

 

 

 

 

 

Numerator – Earnings available to common stockholders

 

$

12,768

 

 

$

13,841

 

Denominator – Weighted average number of common
   shares outstanding

 

 

11,752,067

 

 

 

11,543,497

 

Basic earnings per common share

 

$

1.09

 

 

$

1.20

 

Diluted EPS Computation:

 

 

 

 

 

 

Numerator – Earnings available to common stockholders

 

$

12,768

 

 

$

13,841

 

Denominator – Weighted average number of common
   shares outstanding

 

 

11,752,067

 

 

 

11,543,497

 

Dilutive effect of stock options, RSUs and PSUs

 

 

29,617

 

 

 

29,763

 

Weighted average diluted common shares outstanding

 

 

11,781,684

 

 

 

11,573,260

 

Diluted earnings per common share

 

$

1.08

 

 

$

1.20