2022

2021

2020

Basic

Net income

$

39,427

$

40,546

$

32,192

Less allocation of earnings and dividends to
    participating securities

498

173

98

Net income available to common
   shareholders—basic

$

38,929

$

40,373

$

32,094

Weighted average common shares outstanding

15,162,032

15,408,863

16,129,875

Less average participating securities

191,402

65,648

49,012

Weighted average number of shares outstanding
    used in the calculation of basic earnings
    per common share

14,970,630

15,343,215

16,080,863

Basic earnings per share

$

2.60

$

2.63

$

2.00

Diluted

Net income available to common
   shareholders—basic

$

38,929

$

40,373

$

32,094

Net income available to common
   shareholders—diluted

$

38,929

$

40,373

$

32,094

Weighted average common shares
   outstanding used in the calculation of 
   earnings per common share basic

14,970,630

15,343,215

16,080,863

Add: dilutive effects of convertible
   preferred shares

—

—

—

Average shares and dilutive potential
   common shares outstanding—diluted

14,970,630

15,343,215

16,080,863

Diluted earnings per share

$

2.60

$

2.63

$

2.00