XML 45 R35.htm IDEA: XBRL DOCUMENT v3.22.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of 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 and six months ended June 30, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands, except share and per share data)2022202120222021
Basic
Net income$8,480 $6,379 $16,632 $11,456 
Undistributed earnings allocated to participating securities(205)(60)(346)(112)
Net income allocated to common shares8,275 6,319 16,286 11,344 
Weighted average common shares outstanding15,141,975 15,056,484 15,139,903 15,039,773 
Basic earnings per common share$0.55 $0.42 $1.08 $0.75 
Diluted
Net income allocated to common shares$8,275 $6,319 $16,286 $11,344 
Weighted average common shares outstanding for basic earnings per common share
15,141,975 15,056,484 15,139,903 15,039,773 
Add: Dilutive effects of assumed exercises of stock options92,602 72,967 98,210 59,630 
Average shares and dilutive potential common shares15,234,577 15,129,451 15,238,113 15,099,403 
Diluted earnings per common share$0.54 $0.42 $1.07 $0.75