Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

The computation of basic and diluted earnings per common share is shown below:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Basic earnings per common share computation:
Net income per consolidated statements of income	$	12,915	$	8,246	$	26,021	$	17,059
Net earnings allocated to participating securities	(47)		(29)		(92)		(59)
Net earnings allocated to common stock	$	12,868	$	8,217	$	25,929	$	17,000
Distributed earnings allocated to common stock	$	2,859	$	2,608	$	5,718	$	5,216
Undistributed earnings allocated to common stock	10,009		5,609		20,211		11,784
Net earnings allocated to common stock	$	12,868	$	8,217	$	25,929	$	17,000
Weighted average common shares outstanding, including shares considered participating securities	16,885		15,393		16,870		15,365
Less: Average participating securities	(60)		(52)		(58)		(52)
Weighted average shares	16,825		15,341		16,812		15,313
Basic earnings per common share	$	0.76	$	0.54	$	1.54	$	1.11
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	12,868	$	8,217	$	25,929	$	17,000
Weighted average common shares outstanding for basic earnings per common share	16,825		15,341		16,812		15,313
Add: Dilutive effects of performance based-shares	0		0		0		0
Weighted average shares and dilutive potential common shares	16,825		15,341		16,812		15,313
Diluted earnings per common share	$	0.76	$	0.54	$	1.54	$	1.11