Earnings per Share

6 Months Ended

Jun. 30, 2023

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share. For additional information on the calculation of basic and diluted earnings per share, see Note 1, "Summary of Significant Accounting Policies - Earnings per Share" of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2022.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars and shares in thousands, except per share data)	2023		2022		2023		2022
Numerator for basic and diluted earnings per share—net income available to common shareholders	$	16,800	$	13,166	$	37,834	$	33,483
Denominator for basic earnings per share—weighted-average shares outstanding	29,439		29,490		29,376		29,516
Effect of dilutive securities—employee stock options and restricted stock units	65		110		117		153
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	29,504		29,600		29,493		29,669
Basic earnings per share	$	0.57	$	0.45	$	1.29	$	1.14
Diluted earnings per share	$	0.57	$	0.45	$	1.28	$	1.13
Average antidilutive options and restricted stock units excluded from computation of diluted earnings per share	575		400		367		253