Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of Net Income Per Common Share

The following table presents the Company's calculation of EPS for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands except shares and per share data)	2021		2020		2021		2020
Numerator for basic earnings per share:
Net income	$	9,247	$	18,034	$	17,332	$	19,082
Less: Dividends on preferred stock	—		115		35		229
Net income available to common shareholders - basic	$	9,247	$	17,919	$	17,297	$	18,853
Numerator for diluted earnings per share:
Net income available to common shareholders - diluted	$	9,247	$	17,919	$	17,297	$	18,853
Denominator:
Total weighted-average shares outstanding	11,639,237		11,954,813		11,585,059		11,948,790
Effect of dilutive stock options and restricted stock units	972,793		57,032		864,914		207,424
Total diluted weighted-average shares outstanding	12,612,030		12,011,845		12,449,973		12,156,214
Earnings per share - basic	$	0.79	$	1.50	$	1.49	$	1.58
Earnings per share - diluted	$	0.73	$	1.49	$	1.39	$	1.55
Stock options not included in the computation of diluted EPS because the effect would be antidilutive	113,083		858,589		113,083		858,589