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Earnings per Common Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings per Common Share

(9) Earnings per Common Share

Basic earnings per common share are computed as net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under the Company’s equity incentive plan, computed using the treasury stock method.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2021

 

 

2020

 

Basic

 

 

 

 

 

 

 

 

Net income

 

$

10,758

 

 

$

7,833

 

Net income available to common shareholders—basic

 

$

10,758

 

 

$

7,833

 

Weighted average common shares outstanding—basic

 

 

15,867,588

 

 

 

16,517,745

 

Basic earnings per common share

 

$

0.68

 

 

$

0.47

 

Diluted

 

 

 

 

 

 

 

 

Net income available to common shareholders—basic

 

$

10,758

 

 

$

7,833

 

Net income available to common shareholders—diluted

 

$

10,758

 

 

$

7,833

 

Weighted average common shares outstanding for basic

   earnings per common share

 

 

15,867,588

 

 

 

16,517,745

 

Diluted earnings per common share

 

$

0.68

 

 

$

0.47