Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Weighted Average Number of Shares

The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings per share computations for the three and six months ended June 30, 2020 and 2019.


(dollars in thousands, except per share data)	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Basic earnings per share
Net income	$	3,932	$	6,121	$	9,951	$	11,817
Weighted-average common shares	9,768,227		10,148,285		9,798,528		10,182,770
Basic earnings per common share	$	0.40	$	0.60	$	1.02	$	1.16
Diluted earnings per share
Net income	$	3,932	$	6,121	$	9,951	$	11,817
Weighted-average common shares	9,768,227		10,148,285		9,798,528		10,182,770

Dilutive effect of equity compensation	—		—		3,899		4,063
Weighted-average common and incremental shares	9,768,227		10,148,285		9,802,427		10,186,833
Diluted earnings per common share ⁽¹⁾	$	0.40	$	0.60	$	1.02	$	1.16

(1) Potential dilutive common shares are excluded from the computation of diluted EPS in the periods where the effect would be antidilutive. Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 79,893 and 29,606 for the three and six months ended June 30, 2020, respectively and 30,250 and 23,305 for the three and six months ended June 30, 2019, respectively