Years Ended December 31,

2022

2021

2020

(Dollars in thousands, except per share data)

Numerator:

Net Income

$

54,255

$

52,136

$

29,994

Less: Preferred Stock Dividends

1,350

-

Net Income Available to Common Shareholders

$

52,905

$

52,136

$

29,994

Denominator:

Weighted Average Common Shares Outstanding

22,633,478

20,502,249

18,169,599

Dilutive Effect of Stock Options and Restricted Stock Awards

184,015

132,032

73,846

Weighted Average Dilutive Common Shares

22,817,493

20,634,281

18,243,445

Basic Earnings Per Common Share From Net Income Available to Common Shares

$

2.34

$

2.54

$

1.65

Diluted Earnings Per Common Share From Net Income Available to Common Shares

$

2.32

$

2.53

$

1.64