Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
($ in thousands, except per share)	2020		2019		2020		2019
Basic earnings per share:
Net income	$	3,449	$	6,785	$	10,388	$	19,950
Less: income allocated to unvested restricted stock	(8)		(8)		(25)		(8)
Net income allocated to common stock	$	3,441	$	6,777	$	10,363	$	19,942
Weighted-average total common shares outstanding	15,378,374		15,835,139		15,432,353		15,949,962
Less: weighted-average unvested restricted stock	(34,486)		(18,870)		(36,878)		(6,359)
Weighted-average common shares outstanding, basic	15,343,888		15,816,269		15,395,475		15,943,603
Basic earnings per share	$	0.22	$	0.43	$	0.67	$	1.25
Diluted earnings per share:
Net income allocated to common stock	$	3,441	$	6,777	$	10,363	$	19,942
Weighted-average common shares outstanding, basic	15,343,888		15,816,269		15,395,475		15,943,603
Diluted effect of stock options	33,643		283,329		70,732		288,245
Weighted-average common shares outstanding, diluted	15,377,531		16,099,598		15,466,207		16,231,848
Diluted earnings per share	$	0.22	$	0.42	$	0.67	$	1.23