Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following table provides the components of other comprehensive income, reclassifications to net income and the related tax effect for the year ended December 31, 2021 and 2020:

Year ended December 31,	2021		2020
	(Dollars in thousands)
Investment securities:
Net unrealized (losses) gains arising during the period	$	(294)	$	537
Tax effect related to the unrealized loss during the periods	76		(132)
Change in other comprehensive income	$	(218)	$	405

Computation of Earnings Per Common Share

Earnings per common share have been computed based on the following for 2021 and 2020:

	2021		2020
	(Dollars in thousands, except share data)
Basic earnings per common share
Net income available to common shareholders	$	40,732	$	28,399
Basic weighted-average common shares outstanding	11,888,429		11,850,223
Basic earnings per common share	$	3.43	$	2.40
Diluted earnings per common share
Net income available to common shareholders	$	40,732	$	28,399
Dividend on Preferred Series B	28		29
Net income attributable to diluted common shares	$	40,760	$	28,428
Basic weighted-average common shares outstanding	11,888,429		11,850,223
Dilutive potential common shares	232,287		139,385
Total diluted weighted-average common shares outstanding	12,120,716		11,989,608
Diluted earnings per common share	$	3.36	$	2.37