Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any restricted stock or RSUs become vested.

	Three Months Ended
	March 31,
	2024		2023
	(in thousands, except share and per share amounts)
Basic EPS:
Net income	$	16,925	$	17,339
Basic weighted average common shares		19,122,168		19,131,356
Basic earnings per common share	$	0.89	$	0.91
Diluted EPS:
Net income	$	16,925	$	17,339
Diluted weighted average common shares:
Weighted average common shares		19,122,168		19,131,356
Restricted stock and RSUs		89,114		104,055
Diluted weighted average common shares		19,211,282		19,235,411
Diluted earnings per common share	$	0.88	$	0.90