Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Earnings Per Share

	For the three months ended March 31,
	2023			2022
	(In thousands, except per share data)
Net income, as reported	$	5,158		$	18,219
Divided by:
Weighted average common shares outstanding		30,265			31,524
Weighted average common stock equivalents (1)		—			—
Total weighted average common shares outstanding and common stock equivalents		30,265			31,524
Basic earnings per common share	$	0.17		$	0.58
Diluted earnings per common share	$	0.17		$	0.58
Dividend Payout ratio		129.4	%		37.9	%

(1) For the three months ended March 31, 2023, and 2022, there were no common stock equivalents that were anti-dilutive.