Shareholders' Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	(In thousands, except per share data)
Net income	$	13,810	$	17,543	$	48,329	$	45,324
Weighted average shares outstanding (1)	20,896		20,922		20,892		21,021
Stock units for deferred compensation plan for non-employee directors	182		163		178		157
Performance share units	34		21		27		17
Effect of stock options	3		8		3		12
Weighted average shares outstanding for calculation of diluted earnings per share	21,115		21,114		21,100		21,207
Net income per common share
Basic (1)	$	0.66	$	0.84	$	2.31	$	2.16
Diluted	$	0.65	$	0.83	$	2.29	$	2.14

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