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Earnings per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share using the two class method (in thousands, except per share data): 
Three months ended June 30,Six months ended June 30,
2024202320242023
Net income available to common shareholders$29,115 $32,733 $58,638 $57,074 
Less: earnings allocated to participating securities(258)(291)(519)(505)
Net earnings allocated to common shareholders$28,857 $32,442 $58,119 $56,569 
Distributed earnings allocated to common stock$10,418 $9,668 $20,835 $19,336 
Undistributed earnings allocated to common stock18,439 22,774 37,284 37,233 
Net earnings allocated to common shareholders$28,857 $32,442 $58,119 $56,569 
Average shares outstanding14,695 14,994 14,721 14,897 
Effect of dilutive securities:  
Employee stock awards15 18 19 22 
Shares for diluted earnings per share14,710 15,012 14,740 14,919 
Basic earnings per share$1.96 $2.16 $3.95 $3.80 
Diluted earnings per share$1.96 $2.16 $3.94 $3.79 
Anti-dilutive options are not included in the computation of diluted earnings per share because the options’ exercise price are greater than the average market price of the common shares and therefore, the effect is anti-dilutive. The Company had no anti-dilutive options for any of the periods shown above.