XML 48 R41.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share Basic And Diluted

The following table presents a reconciliation of net income available to common shareholders and the number of shares used in the calculation of basic and diluted earnings per common share shown on the consolidated statements of income:

 

 

For the Three Months Ended
June 30,

 

 

For the Six Months Ended
 June 30,

 

(Dollars in thousands, except share and per share data)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net income

 

$

10,796

 

 

$

8,891

 

 

$

21,163

 

 

$

18,134

 

Less dividends declared, Series A Preferred Stock

 

 

1,184

 

 

 

1,184

 

 

 

2,355

 

 

 

2,355

 

Net income available to common shareholders

 

$

9,612

 

 

$

7,707

 

 

$

18,808

 

 

$

15,779

 

Weighted-average shares outstanding for basic earnings per common share

 

 

13,657,223

 

 

 

13,588,747

 

 

 

13,631,740

 

 

 

13,560,802

 

Dilutive effect of stock compensation and other dilutive securities

 

 

3,361,457

 

 

 

3,267,075

 

 

 

3,345,602

 

 

 

3,268,172

 

Weighted-average shares outstanding for diluted earnings per common share

 

 

17,018,680

 

 

 

16,855,822

 

 

 

16,977,342

 

 

 

16,828,974

 

Basic earnings per share

 

$

0.70

 

 

$

0.57

 

 

$

1.38

 

 

$

1.16

 

Diluted earnings per share

 

$

0.63

 

 

$

0.53

 

 

$

1.25

 

 

$

1.08