Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common Share

The factors used in the earnings per share computation follow.

	2021		2020		2019
Basic
Net income	$	40,546	$	32,192	$	33,878
Preferred stock dividends		—		—		647
Less allocation of earnings and dividends to participating securities		173		98		87
Net income available to common shareholders—basic	$	40,373	$	32,094	$	33,144
Weighted average common shares outstanding		15,408,863		16,129,875		15,652,881
Less average participating securities		65,648		49,012		40,013
Weighted average number of shares outstanding used in the calculation of basic earnings per common share		15,343,215		16,080,863		15,612,868
Basic earnings per share	$	2.63	$	2.00	$	2.12
Diluted
Net income available to common shareholders—basic	$	40,373	$	32,094	$	33,144
Preferred stock dividends on convertible preferred stock		—		—		647
Net income available to common shareholders—diluted	$	40,373	$	32,094	$	33,791
Weighted average common shares outstanding used in the calculation of earnings per common share basic		15,343,215		16,080,863		15,612,868
Add: dilutive effects of convertible preferred shares		—		—		1,198,859
Average shares and dilutive potential common shares outstanding—diluted		15,343,215		16,080,863		16,851,740
Diluted earnings per share	$	2.63	$	2.00	$	2.01