Earnings Per Share (Tables)

12 Months Ended

Dec. 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 years ended December 31, 2023, 2022 and 2021:

	Year Ended December 31,
($ in thousands, except share and per share data)	2023		2022		2021
Basic
Net income	$	23,918	$	33,310	$	28,840
Distributed and undistributed earnings allocated to participating securities	(476)		(704)		(330)
Net income allocated to common shares	$	23,442	$	32,606	$	28,510
Weighted average common shares outstanding	15,149,597		15,171,240		15,087,686
Basic earnings per common share	$	1.55	$	2.15	$	1.89
Diluted
Net income allocated to common shares	$	23,442	$	32,606	$	28,510
Weighted average common shares outstanding for basic earnings per common share	15,149,597		15,171,240		15,087,686
Add: Dilutive effects of assumed exercises of stock options	9,260		60,178		67,661
Average shares and dilutive potential common shares	15,158,857		15,231,418		15,155,347
Diluted earnings per common share	$	1.55	$	2.14	$	1.88