Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table presents the calculation of net income applicable to common stockholders and basic and diluted EPS for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
($ in thousands, except share and per share data)	2022		2021
Basic
Net income	$	8,152	$	5,077
Undistributed earnings allocated to participating securities	(142)		(52)
Net income allocated to common shares	$	8,010	$	5,025
Weighted average common shares outstanding	15,137,808		15,022,876
Basic earnings per common share	$	0.53	$	0.33
Diluted
Net income allocated to common shares	$	8,010	$	5,025
Weighted average common shares outstanding for basic earnings per common share	15,137,808		15,022,876
Add: Dilutive effects of assumed exercises of stock options	104,406		46,568
Average shares and dilutive potential common shares	15,242,214		15,069,444
Diluted earnings per common share	$	0.53	$	0.33