Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computations of basic and diluted EPS for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands, except per share)	2020		2019		2020		2019
Basic earnings per share:
Net income	$	3,367	$	6,601	$	6,939	$	13,165
Less: income allocated to unvested restricted stock	(8)		—		(17)		—
Net income allocated to common stock	$	3,359	$	6,601	$	6,922	$	13,165
Weighted-average total common shares outstanding	15,375,805		16,017,089		15,459,639		16,008,325
Less: weighted-average unvested restricted stock	(38,400)		—		(38,087)		—
Weighted-average common shares outstanding, basic	15,337,405		16,017,089		15,421,552		16,008,325
Basic earnings per share	$	0.22	$	0.41	$	0.45	$	0.82
Diluted earnings per share:
Net income allocated to common stock	$	3,359	$	6,601	$	6,922	$	13,165
Weighted-average common shares outstanding, basic	15,337,405		16,017,089		15,421,552		16,008,325
Diluted effect of stock options	36,250		312,950		101,074		294,949
Weighted-average common shares outstanding, diluted	15,373,655		16,330,039		15,522,626		16,303,274
Diluted earnings per share	$	0.22	$	0.40	$	0.45	$	0.81