EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2022

EARNINGS PER COMMON SHARE

Schedule of basic and diluted earnings per share

The following presents the calculation of basic and diluted earnings per common share during the periods presented (dollars in thousands, except share and per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Earnings per common share - Basic
Numerator:
Net income available for common shareholders	$	4,482	$	6,277	$	10,006	$	12,276
Denominator:
Basic weighted average shares		9,450,987		7,961,785		9,434,742		7,948,796
Earnings per common share - basic	$	0.47	$	0.79	$	1.06	$	1.54
Earnings per common share - Diluted
Numerator:
Net income available for common shareholders	$	4,482	$	6,277	$	10,006	$	12,276
Denominator:
Basic weighted average shares		9,450,987		7,961,785		9,434,742		7,948,796
Diluted effect of common stock equivalents:
Stock options		52,870		35,849		55,005		20,386
Time Vesting Units		122,090		131,684		155,813		117,107
Financial Performance Units		91,720		70,746		92,524		59,953
Market Performance Units		—		13,836		6,827		14,017
Total diluted effect of common stock equivalents		266,680		252,115		310,169		211,463
Diluted weighted average shares		9,717,667		8,213,900		9,744,911		8,160,259
Earnings per common share - diluted	$	0.46	$	0.76	$	1.03	$	1.50

Schedule of Antidilutive securities

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Stock options		—		141,639		—		209,874
Time Vesting Units		121,942		—		60,971		1,991
Financial Performance Units		—		26,735		—		24,952
Restricted Stock Awards		—		—		—		10,527
Total potentially dilutive securities		121,942		168,374		60,971		247,344