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Earnings per Share
 3 Months Ended
Mar. 31, 2022
Earnings per Share [Abstract]  
Earnings per Share
Note 14 – Earnings per Share

The following table is a reconciliation of the components used to derive basic and diluted EPS for the three months ended March 31, 2022 and 2021 ($ in thousands, except share and per share amounts):

​
  
For the Three Months Ended March 31,
  
​
  
2022
    
2021
  
Numerator:
            
Net income
  
$
9,434
    
$
5,291
  
Amount allocated to participating common shareholders(1)
    
—
      
(357
)
Net income allocate to common shareholders
  
$
9,434
    
$
4,934
  
Denominator:
                
Weighted average shares outstanding, basic
    
12,777,237
      
8,091,186
  
Weighted average effect of dilutive securities:
                
Stock options
    
619,516
      
244,586
  
Warrants
    
170,558
      
—
  
Weighted average shares outstanding, diluted
    
13,567,311
      
8,335,772
  
Earnings per share, basic
  
$
0.74
    
$
0.61
  
Earnings per share, diluted
  
$
0.70
    
$
0.59
  

(1) Represents earnings attributable to holders of unvested restricted stock issued outside of the Plan to the Company’s employees.

There were 219,512 and 698,302 anti-dilutive options for March 31, 2022 and 2021 reported in the table above. There were 99,442 shares and 270,000 anti-dilutive warrants for March 31, 2022 and 2021 reported in the table above.