Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Quarters Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands, except share and per share data)	2019		2018		2019		2018
Net income	$	6,721	$	3,728	$	40,984	$	16,621
Basic earnings per share:
Weighted average shares outstanding – basic		14,202,859		14,100,180		14,181,530		14,082,698
Net income per share	$	0.47	$	0.26	$	2.89	$	1.18
Diluted earnings per share:
Weighted average shares outstanding – diluted		14,327,757		14,346,585		14,328,861		14,321,113
Net income per share	$	0.47	$	0.26	$	2.86	$	1.16

Reconciliation of Weighted Average Shares for Basic and Diluted Earnings Per Share

A reconciliation of weighted average shares for basic earnings per share to weighted average shares for diluted earnings per share is as follows:

	Quarters Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Weighted average shares for basic earnings per share		14,202,859		14,100,180		14,181,530		14,082,698
Non-vested restricted stock		23,059		83,882		19,201		74,768
Non-vested restricted stock units		-		-		2,954		-
Options		101,839		162,523		125,176		163,647
Weighted average shares for diluted earnings per share		14,327,757		14,346,585		14,328,861		14,321,113