Shareholders' Equity and Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Stockholders' Equity Note [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of basic and diluted net income per common share follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In thousands, except per share data)
Net income	$	14,790	$	13,001	$	27,781	$	30,968
Weighted average shares outstanding (1)	21,041		21,070		21,072		21,131
Stock units for deferred compensation plan for non-employee directors	156		133		154		131
Effect of stock options	8		42		14		49
Performance share units	18		21		20		23
Weighted average shares outstanding for calculation of diluted earnings per share	21,223		21,266		21,260		21,334
Net income per common share
Basic (1)	$	0.70	$	0.62	$	1.32	$	1.47
Diluted	$	0.70	$	0.61	$	1.31	$	1.45

(1)Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.