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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2020
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:

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(In Thousands, Except Per Share Amounts)

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

63,077

 

 

$

49,370

 

 

$

46,249

 

Less: Income allocated to participating securities

 

 

89

 

 

 

36

 

 

 

16

 

Net income allocated to common shareholders

 

$

62,988

 

 

$

49,334

 

 

$

46,233

 

Weighted average common shares outstanding Including participating

   securities

 

 

35,952

 

 

 

19,844

 

 

 

20,358

 

Less: Participating securities

 

 

50

 

 

 

20

 

 

 

9

 

Average common shares

 

 

35,902

 

 

 

19,824

 

 

 

20,349

 

Basic earnings per common share

 

$

1.75

 

 

$

2.49

 

 

$

2.27

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to common shareholders

 

$

62,988

 

 

$

49,334

 

 

$

46,233

 

Weighted average common shares outstanding for basic earnings per

   common share

 

 

35,902

 

 

 

19,824

 

 

 

20,349

 

Add: Dilutive effects of stock options and restricted stock units

 

 

47

 

 

 

107

 

 

 

119

 

Average shares and dilutive potential common shares

 

 

35,949

 

 

 

19,931

 

 

 

20,468

 

Diluted earnings per common share

 

$

1.75

 

 

$

2.48

 

 

$

2.26