v3.25.2
Earnings per Common Share (Calculation of Earnings per Share) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Earnings Per Share [Abstract]        
Net income $ 13,245 $ 10,815 $ 25,424 $ 21,751
Less dividends and undistributed earnings allocated to participating securities 0 (8) 0 (20)
Net income available to common shareholders $ 13,245 $ 10,807 $ 25,424 $ 21,731
Weighted average common shares outstanding for basic EPS 19,285,000 17,052,000 19,280,000 17,042,000
Dilutive effect of common stock equivalents 89,000 58,000 92,000 40,000
Weighted average common shares outstanding for diluted EPS 19,374,000 17,110,000 19,372,000 17,082,000
Basic EPS $ 0.69 $ 0.63 $ 1.32 $ 1.28
Diluted EPS $ 0.68 $ 0.63 $ 1.31 $ 1.27
Antidilutive common stock equivalents [1] 516,000 459,000 487,000 459,000
[1] For the three and six months ended June 30, 2025 and 2024, weighted average anti-dilutive common stock equivalents represent share-based compensation awards not included in the calculation of common shares outstanding for purposes of calculating diluted EPS as the grant prices were greater than the average market price of the Bancorp’s common stock, and therefore were anti-dilutive.