EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Basic earnings per common share computation:
Net income per condensed consolidated statements of income	$	12,878	$	12,651	$	36,285	$	40,817
Net earnings allocated to participating securities	(101)		(70)		(291)		(222)
Net earnings allocated to common stock	$	12,777	$	12,581	$	35,994	$	40,595
Distributed earnings allocated to common stock	$	3,746	$	3,645	$	11,036	$	10,969
Undistributed earnings allocated to common stock	9,031		8,936		24,958		29,626
Net earnings allocated to common stock	$	12,777	$	12,581	$	35,994	$	40,595
Weighted average common shares outstanding, including shares considered participating securities	20,997		20,969		20,994		21,048
Less: Average participating securities	(155)		(109)		(162)		(109)
Weighted average shares	20,842		20,860		20,832		20,939
Basic earnings per common share	$	0.61	$	0.60	$	1.73	$	1.94
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	12,777	$	12,581	$	35,994	$	40,595
Weighted average common shares outstanding for basic earnings per common share	20,842		20,860		20,832		20,939
Add: Dilutive effect of stock compensation	70		40		64		40
Weighted average shares and dilutive potential common shares	20,912		20,900		20,896		20,979
Diluted earnings per common share	$	0.61	$	0.60	$	1.72	$	1.94