Stockholders' Equity

6 Months Ended

Jun. 30, 2023

Shareholder's Equity [Abstract]

Stockholders' Equity

Note 13: Stockholders’ Equity

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

Dividends of $

103

 thousand related to the Series A Non-Cumulative Perpetual Preferred Stock were declared and paid during the

three-months ended June 30, 2023. In July 2023, the Board of Directors declared a quarterly dividend on Series A Non-Cumulative

Perpetual Preferred Stock in the amount of $

20.00

 per share to be payable on

September 15, 2023

 to shareholders of record as of

August 31, 2023

.

Three Months Ended

Six Months Ended

June 30,

June 30,

2023

2022

2023

2022

(Dollars in thousands except per share data)

Earnings per Common Share

Net Income

$

16,047

$

15,545

$

32,155

$

32,373

Less: preferred stock dividends

103

-

103

-

Net income available to common stockholders

$

15,944

$

15,545

$

32,052

$

32,373

Weighted average common shares

48,744,507

49,758,263

48,690,509

50,003,418

Earnings per common share

$

0.33

$

0.31

$

0.66

$

0.65

Diluted Earnings per Common Share

Net Income

$

16,047

$

15,545

$

32,155

$

32,373

Less: preferred stock dividends

103

-

103

-

Net income available to common stockholders

$

15,944

$

15,545

$

32,052

$

32,373

Weighted average common shares

48,744,507

49,758,263

48,690,509

50,003,418

Effect of dilutive shares

198,818

445,462

304,298

558,450

Weighted average dilutive common shares

48,943,325

50,203,725

48,994,807

50,561,868

Diluted earnings per common share

$

0.33

$

0.31

$

0.65

$

0.64

Stock-based awards not included because to do so would be

antidilutive

920,812

711,375

917,479

450,541