Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Net Income Per Common Share

The following table presents our calculation of EPS for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands except shares and per share data)	2021		2020		2021		2020
Numerator for basic earnings per share:
Net income	$	11,828	$	6,491	$	29,160	$	25,573
Less: Dividends on preferred stock	—		116		35		345
Net income available to common shareholders - basic	$	11,828	$	6,375	$	29,125	$	25,228
Numerator for diluted earnings per share:
Net income available to common shareholders - diluted	$	11,828	$	6,375	$	29,125	$	25,228
Denominator:
Total weighted-average shares outstanding	11,880,348		11,948,989		11,684,570		11,948,857
Effect of dilutive stock options and restricted stock units	943,961		167,429		881,239		236,280
Total diluted weighted-average shares outstanding	12,824,309		12,116,418		12,565,809		12,185,137
Earnings per share - basic	$	1.00	$	0.53	$	2.49	$	2.11
Earnings per share - diluted	$	0.92	$	0.53	$	2.32	$	2.07
Stock options not included in the computation of diluted EPS because the effect would be antidilutive	179,694		849,589		185,944		815,089