For the three months ended

For the six months ended

June 30,

2020

2019

2020

2019

(In thousands, except per share data)

Net income

$

18,272

$

10,556

$

16,882

$

17,624

Divided by:

Weighted average common shares outstanding

28,867

28,761

28,860

28,691

Weighted average common stock equivalents

—

Total weighted average common shares outstanding and common stock equivalents

28,867

28,761

28,860

28,691

Basic earnings per common share

$

0.63

$

0.37

$

0.58

$

0.61

Diluted earnings per common share ⁽¹⁾

$

0.63

$

0.37

$

0.58

$

0.61

Dividend payout ratio

33.3

%

56.8

%

72.4

%

68.9

%