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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings per Share

The following represent the calculation of basic and diluted earnings per share for the periods presented:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income

 

$

20,283

 

 

$

28,492

 

 

$

42,594

 

 

$

50,290

 

Less: Dividends on preferred shares

 

 

 

 

 

195

 

 

 

196

 

 

 

391

 

Net income available to common stockholders

 

$

20,283

 

 

$

28,297

 

 

$

42,398

 

 

$

49,899

 

Weighted-average common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common stock outstanding (basic)

 

 

37,064,795

 

 

 

37,965,658

 

 

 

37,093,816

 

 

 

38,064,381

 

Incremental shares

 

 

547,473

 

 

 

730,378

 

 

 

646,866

 

 

 

708,637

 

Weighted-average common stock outstanding (dilutive)

 

 

37,612,268

 

 

 

38,696,036

 

 

 

37,740,682

 

 

 

38,773,018

 

Basic earnings per common share

 

$

0.55

 

 

$

0.75

 

 

$

1.14

 

 

$

1.31

 

Diluted earnings per common share

 

$

0.54

 

 

$

0.73

 

 

$

1.12

 

 

$

1.29