Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share.

Earnings Per Share

2) Earnings Per Share

Basic earnings per common share is computed by dividing net income by the weighted average common shares outstanding. Diluted earnings per share reflect potential dilution from outstanding stock options using the treasury stock method. There were 1,722,342 and 826,445 stock options for the three months ended June 30, 2020 and 2019, and 1,490,688, and 826,445 for the six months ended June 30, 2020 and 2019, respectively, considered to be antidilutive and excluded from the computation of diluted earnings per share. A reconciliation of these factors used in computing basic and diluted earnings per common share is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
	(Dollars in thousands, except per share amounts)
Net income	$	10,618	$	11,353	$	12,479	$	23,499
Weighted average common shares outstanding for basic
earnings per common share		59,420,592		43,202,562		59,353,759		43,155,360
Dilutive potential common shares		691,831		518,889		798,728		539,757
Shares used in computing diluted earnings per common share		60,112,423		43,721,451		60,152,487		43,695,117
Basic earnings per share	$	0.18	$	0.26	$	0.21	$	0.54
Diluted earnings per share	$	0.18	$	0.26	$	0.21	$	0.54