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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings per common share

The following table sets forth the computation of basic and diluted earnings per common share for the years ended December 31:

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

(In Thousands, Except Per Share Amounts)

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

111,295

 

 

$

102,187

 

 

$

126,051

 

Less: Income allocated to participating securities

 

 

178

 

 

 

103

 

 

 

123

 

Net income allocated to common shareholders

 

$

111,117

 

 

$

102,084

 

 

$

125,928

 

Weighted average common shares outstanding Including participating
   securities

 

 

35,750

 

 

 

35,715

 

 

 

37,145

 

Less: Participating securities

 

 

57

 

 

 

36

 

 

 

36

 

Average common shares

 

 

35,693

 

 

 

35,679

 

 

 

37,109

 

Basic earnings per common share

 

$

3.11

 

 

$

2.86

 

 

$

3.39

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

Net income allocated to common shareholders

 

$

111,117

 

 

$

102,084

 

 

$

125,928

 

Weighted average common shares outstanding for basic earnings per
   common share

 

 

35,693

 

 

 

35,679

 

 

 

37,109

 

Add: Dilutive effects of stock options and restricted stock units

 

 

88

 

 

 

130

 

 

 

91

 

Average shares and dilutive potential common shares

 

 

35,781

 

 

 

35,809

 

 

 

37,200

 

Diluted earnings per common share

 

$

3.11

 

 

$

2.85

 

 

$

3.39