XML 42 R32.htm IDEA: XBRL DOCUMENT v3.22.1
Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2022
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-months ended March 31, 2022 and 2021.

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Basic

 

 

 

 

 

 

 

 

Net income

 

$

8,466

 

 

$

10,758

 

Less allocation of earnings and dividends to participating

   securities

 

 

32

 

 

 

32

 

Net income available to common shareholders—basic

 

$

8,434

 

 

$

10,726

 

Weighted average common shares outstanding

 

 

14,909,192

 

 

 

15,867,588

 

Less average participating securities

 

 

55,905

 

 

 

47,286

 

Weighted average number of shares outstanding used in the

   calculation of basic earnings per common share

 

 

14,853,287

 

 

 

15,820,302

 

Earnings per common share:

 

 

 

 

 

 

 

 

Basic

 

$

0.57

 

 

$

0.68

 

Diluted

 

 

0.57

 

 

 

0.68