Net Income per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Calculation of Net Income Per Common Share

The calculation of net income per common share for the three and nine months ended September 30, 2023 and 2022 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars and shares in thousands, except per share data)	2023		2022		2023		2022
Basic:
Net income	$	27,383	$	37,297	$	80,309	$	98,737
Average common shares outstanding	29,910		32,084		30,487		32,066
Basic net income per common share	$	0.91	$	1.16	$	2.63	$	3.08
Diluted:
Net income	$	27,383	$	37,297	$	80,309	$	98,737
Average common shares outstanding	29,910		32,084		30,487		32,066
Adjustment for common share equivalents	34		71		48		72
Average common shares outstanding-diluted	29,944		32,155		30,535		32,138
Diluted net income per common share	$	0.91	$	1.16	$	2.63	$	3.07
Anti-dilutive shares	3		3		3		—