Net Income Per Common Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Net Income Per Common Share

(9) NET INCOME PER COMMON SHARE

Basic and diluted net income per common share are calculated as follows:

	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(Dollars in thousands, except per share data)
Three Months Ended March 31, 2023
Basic
Income available to common stockholders	$	57,533		32,892,857	$	1.75
Dilutive effect of stock options		—		569,882
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	57,533		33,462,739	$	1.72
Three Months Ended March 31, 2022
Basic
Income available to common stockholders	$	35,915		32,666,916	$	1.10
Dilutive effect of stock options		—		648,417
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	35,915		33,315,333	$	1.08

The following table shows the number of options that were excluded from the computation of diluted net income per common share for each period because the options were anti-dilutive for the period:

	Shares
Three Months Ended March 31, 2023		309,833
Three Months Ended March 31, 2022		105,278