Earnings Per Common Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Common Share

16.Earnings Per Common Share

Basic earnings per common share is computed by dividing net earnings allocated to common stock by the weighted-average number of common shares outstanding during the applicable period. Diluted earnings per common share is computed using the weighted-average number of shares determined for the basic earnings per common share computation plus the dilutive effect of stock compensation using the treasury stock method.

The following table presents a reconciliation of net income available to common shareholders and the number of shares used in the calculation of basic and diluted earnings per common share shown on the consolidated statements of income.

	For the Six Months Ended June 30,
(Dollars in thousands, except share and per share data)	2022		2021
Net income available to common shareholders	$	4,364	$	8,685
Weighted-average shares outstanding for basic earnings per common share		13,420,065		6,310,515
Dilutive effect of stock compensation		368,900		139,913
Weighted-average shares outstanding for diluted earnings per common share		13,788,965		6,450,428