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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Summary of the Components Comprising Basic and Diluted Earnings Per Share

The following is a summary of components comprising basic and diluted earnings per share (“EPS”) for the three and nine months ended September 30, 2024 and 2023:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(Dollars in Thousands Except
 Share and Per Share Amounts)

 

 

(Dollars in Thousands Except
 Share and Per Share Amounts)

 

Basic EPS Computation:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Earnings available to common stockholders

 

$

12,686

 

 

$

11,486

 

 

$

41,591

 

 

$

37,716

 

Denominator – Weighted average number of common
   shares outstanding

 

 

11,834,944

 

 

 

11,645,953

 

 

 

11,785,618

 

 

 

11,589,098

 

Basic earnings per common share

 

$

1.07

 

 

$

0.99

 

 

$

3.53

 

 

$

3.25

 

Diluted EPS Computation:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Earnings available to common stockholders

 

$

12,686

 

 

$

11,486

 

 

$

41,591

 

 

$

37,716

 

Denominator – Weighted average number of common
   shares outstanding

 

 

11,834,944

 

 

 

11,645,953

 

 

 

11,785,618

 

 

 

11,589,098

 

Dilutive effect of stock options, RSUs and PSUs

 

 

32,637

 

 

 

30,223

 

 

 

30,801

 

 

 

29,743

 

Weighted average diluted common shares outstanding

 

 

11,867,581

 

 

 

11,676,176

 

 

 

11,816,419

 

 

 

11,618,841

 

Diluted earnings per common share

 

$

1.07

 

 

$

0.98

 

 

$

3.52

 

 

$

3.25