Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common Share

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.  The Company had no dilutive securities for the three- and six-months ended June 30, 2021 and 2020.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Basic
Net income	$	9,164	$	6,504	$	19,922	$	14,337
Less allocation of earnings and dividends to participating securities		42		22		76		38
Net income available to common shareholders—basic	$	9,122	$	6,482	$	19,846	$	14,299
Weighted average common shares outstanding		15,602,329		16,044,125		15,734,226		16,280,935
Less average participating securities		72,563		54,274		59,995		43,693
Weighted average number of shares outstanding used in the calculation of basic earnings per common share		15,529,766		15,989,851		15,674,231		16,237,242
Earnings per common share:
Basic	$	0.59	$	0.41	$	1.27	$	0.88
Diluted		0.59		0.41		1.27		0.88