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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2020
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

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income

 

$

13,071

 

 

$

15,342

 

 

$

25,176

 

 

$

41,150

 

Less: Dividends on preferred shares

 

 

196

 

 

 

196

 

 

 

587

 

 

 

587

 

Net income available to common stockholders

 

$

12,875

 

 

$

15,146

 

 

$

24,589

 

 

$

40,563

 

Weighted-average common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common stock outstanding

   (basic)

 

 

38,057,350

 

 

 

37,831,356

 

 

 

37,973,694

 

 

 

37,094,083

 

Incremental shares

 

 

191,985

 

 

 

655,824

 

 

 

278,269

 

 

 

724,785

 

Weighted-average common stock outstanding (dilutive)

 

 

38,249,335

 

 

 

38,487,180

 

 

 

38,251,963

 

 

 

37,818,868

 

Basic earnings per common share

 

$

0.34

 

 

$

0.40

 

 

$

0.65

 

 

$

1.09

 

Diluted earnings per common share

 

$

0.34

 

 

$

0.39

 

 

$

0.64

 

 

$

1.07