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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period, which includes shares held in treasury on behalf of participants in the Company’s Directors Fee Deferral Plan, and share repurchases. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock based awards and warrants, none of which were antidilutive.
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Weighted average shares outstanding for basic earnings per common share25,678,231 25,607,663 25,667,647 25,595,412 
Dilutive effect of stock based awards64,640 78,691 79,126 100,958 
Weighted average shares outstanding for diluted earnings per common share25,742,871 25,686,354 25,746,773 25,696,370 
Basic earnings per common share$0.88 $0.57 $1.79 $1.52 
Diluted earnings per common share$0.87 $0.57 $1.78 $1.51