Note 20 - Earnings Per Share

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 20.  EARNINGS PER SHARE

The computations of basic and diluted earnings per share follow:

	For the Year Ended December 31,
	2023							2022							2021
				Common							Common							Common
Dollars in thousands,	Income			Shares		Per		Income			Shares		Per		Income			Shares		Per
except per share amounts	(Numerator)			(Denominator)		Share		(Numerator)			(Denominator)		Share		(Numerator)			(Denominator)		Share
Net income	$	55,239						$	53,216						$	45,738
Less preferred stock dividends		(900	)						(900	)						(589	)
Basic EPS	$	54,339			14,206,811	$	3.82	$	52,316			12,760,649	$	4.10	$	45,149			12,943,883	$	3.49
Effect of dilutive securities:
Stock options					—							—							44
SARs					39,847							56,616							53,964
RSUs					2,471							4,268							5,537
Diluted EPS	$	54,339			14,249,129	$	3.81	$	52,316			12,821,533	$	4.08	$	45,149			13,003,428	$	3.47

Stock option and SAR grants are disregarded in this computation if they are determined to be anti-dilutive. At December 31, 2023, anti-dilutive SARs totaled 518,902 need to confirm.  At December 31, 2022, our anti-dilutive SARs totaled 224,424. At December 31, 2021, our anti-dilutive SARs totaled 400,229. All RSUs were dilutive for all periods presented.