Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Reconciliation of Number of Shares Used in Calculation of Basic and Diluted Earnings Per Common Share

The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share:

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2022			2021		2022			2021
	(Dollars in thousands except share data)
Net (loss) income	$	(14,738	)	$	2,052	$	(20,787	)	$	10,436
Common shares outstanding for basic EPS:
Weighted average common shares outstanding		24,727,459			17,330,225		24,072,543			17,222,464
Less: Weighted average unallocated Employee Stock    Ownership Plan (ESOP) shares		1,632,600			506,494		1,548,066			518,467
Basic weighted average common shares outstanding		23,094,859			16,823,731		22,524,477			16,703,997
Basic (loss) earnings per common share	$	(0.64	)	$	0.12	$	(0.92	)	$	0.62
Potential dilutive common shares:
Add: Dilutive effect of restricted stock awards and stock options					91,102		—			42,557
Diluted weighted average common shares outstanding		23,094,859			16,914,833		22,524,477			16,746,554
Diluted (loss) earnings per common share	$	(0.64	)	$	0.12	$	(0.92	)	$	0.62