Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Basic and Diluted Net Income Per Common Share

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(Dollars in thousands, except per share data)
(Numerator)
Income available to common stockholders	$	50,641	$	55,010	$	100,975	$	112,543
(Denominator)
Weighted average shares outstanding for basic earnings per common share		33,001,180		32,920,497		32,974,582		32,906,753
Dilutive effect of stock compensation		523,881		546,757		545,665		559,178
Weighted-average shares outstanding for diluted earnings per common share		33,525,061		33,467,254		33,520,247		33,465,931
Basic earnings per share	$	1.53	$	1.67	$	3.06	$	3.42
Diluted earnings per share	$	1.51	$	1.64	$	3.01	$	3.36

Average Exercise Price of Options Excluded from Computation of Diluted Net Income Per Common Share

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

	Shares
Three Months Ended June 30, 2024		260,548
Three Months Ended June 30, 2023		305,407
Six Months Ended June 30, 2024		262,251
Six Months Ended June 30, 2023		307,608