EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 21: EARNINGS PER SHARE

The computation of basic and diluted earnings per share for the periods indicated below was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands, except per share data)	2022		2021		2022			2021
Net income for common shareholders	$	12,747	$	14,421	$	35,049	$	36,143
Weighted-average shares (thousands)
Basic weighted-average shares outstanding		24,345		24,432		24,445		24,462
Dilutive effect of outstanding stock options and unvested restricted stock awards		119		112		107		110
Diluted weighted-average shares outstanding		24,464		24,544		24,552		24,572
Earnings per share:
Basic	$	0.52	$	0.59	$	1.43	$	1.48
Diluted	$	0.52	$	0.59	$	1.43	$	1.47

For the nine months ended September 30, 2022 and the three and nine months ended September 30, 2021, the impact of 1,802, 5,907 and 14,858, respectively, shares of unvested restricted stock were excluded from diluted weighted-average shares as they were anti-dilutive. The Company also excluded the impact of 2,250 shares of performance based restricted stock awards for the three and nine months ended September 30, 2021 as they are contingently issuable and the performance conditions for these awards were not deemed likely to be met at that time.