Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 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 years ended December 31, 2022, 2021 and 2020:

	Year Ended December 31,
($ in thousands, except share and per share data)	2022		2021		2020
Basic
Net income	$	33,310	$	28,840	$	13,127
Distributed and undistributed earnings allocated to participating securities	(704)		(330)		(195)
Net income allocated to common shares	$	32,606	$	28,510	$	12,932
Weighted average common shares outstanding	15,171,240		15,087,686		15,196,351
Basic earnings per common share	$	2.15	$	1.89	$	0.85
Diluted
Net income allocated to common shares	$	32,606	$	28,510	$	12,932
Weighted average common shares outstanding for basic earnings per common share	15,171,240		15,087,686		15,196,351
Add: Dilutive effects of assumed exercises of stock options	60,178		67,661		27,537
Average shares and dilutive potential common shares	15,231,418		15,155,347		15,223,888
Diluted earnings per common share	$	2.14	$	1.88	$	0.85