Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
($ in thousands, except share and per share data)	2023		2022
Basic
Net income	$	7,534	$	8,152
Distributed and undistributed earnings allocated to participating securities	(159)		(142)
Net income allocated to common shares	$	7,375	$	8,010
Weighted average common shares outstanding	15,284,350		15,137,808
Basic earnings per common share	$	0.48	$	0.53
Diluted
Net income allocated to common shares	$	7,375	$	8,010
Weighted average common shares outstanding for basic earnings per common share	15,284,350		15,137,808
Add: Dilutive effects of assumed exercises of stock options	28,323		104,406
Average shares and dilutive potential common shares	15,312,673		15,242,214
Diluted earnings per common share	$	0.48	$	0.53