Earnings per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table presents the computation of basic and diluted earnings per common share for the periods indicated:

	Three Months Ended March 31,
(dollars in thousands, except per share amounts)	2020		2019
Basic Earnings Per Share:
Net income (loss)	$	(1,975)	$	7,285
Weighted average shares outstanding	16,141,500		12,164,360
Basic earnings (loss) per common share	$	(0.12)	$	0.60
Diluted Earnings Per Share:
Net income (loss)	(1,975)		$	7,285
Weighted average shares outstanding, including all dilutive potential shares	16,141,500		12,176,757
Diluted earnings (loss) per common share	$	(0.12)	$	0.60

The weighted average shares that have an antidilutive effect in the calculation of diluted earnings per common share and have been excluded from the computations above were as follows:

	For the Three Months Ended March 31,
	2020
Dilutive shares(1)	18,042
(1) Dilutive potential shares that were excluded from the computation of diluted earnings per common share for the three months ended March 31, 2020 as a result of the reported net loss available to common shareholders.