Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

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Calculations of Basic and Diluted Earnings Per Share

The following table presents the calculation of our basic and diluted earnings per share:

	For the Year Ended December 31,
	2023		2022		2021
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	87,212	$	89,796	$	83,466
Weighted average shares outstanding (1)	18,370,758		17,722,227		17,558,078
Basic Earnings Per Share	$	4.75	$	5.07	$	4.75
Calculation of Diluted Earnings Per Share:
Reconciliation of Denominator:
Weighted average shares outstanding — Basic (1)	18,370,758		17,722,227		17,558,078
Effect of dilutive securities — Share-based compensation	64,099		82,067		74,951
Adjusted denominator — Diluted (1)	18,434,857		17,804,294		17,633,029
Diluted Earnings Per Share	$	4.73	$	5.04	$	4.73