CALCULATION OF EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

CALCULATION OF EARNINGS PER COMMON SHARE

The following table reconciles basic to diluted weighted average shares outstanding used to calculate earnings per share data (dollars in thousands, except per share data):

	Years Ended December 31
	2023		2022		2021
Net income	$	183,624	$	195,378	$	201,048
Basic weighted average shares outstanding	34,344,142		34,264,322		34,610,056
Dilutive effect of unvested restricted stock	106,270		195,600		309,132
Diluted weighted shares outstanding	34,450,412		34,459,922		34,919,188
Earnings per common share
Basic	$	5.35	$	5.70	$	5.81
Diluted	$	5.33	$	5.67	$	5.76

There were 21,865 anti-dilutive weighted shares outstanding as of December 31, 2023 and none as of December 31, 2022.