Earnings Per Common Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Common Share

Note 11. Earnings Per Common Share

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

	For the Years Ended December 31,
	2021		2020		2019
	(Dollars in thousands except share data)
Net Income (loss)	$	25,415	$	3,853	$	(5,125	)
Common shares outstanding for basic EPS:
Weighted average common shares outstanding		17,256,837		17,233,901		18,039,640
Less: Weighted average unallocated Employee Stock Ownership    Plan (ESOP) shares		512,276		560,708		607,322
Basic weighted average common shares outstanding		16,744,561		16,673,193		17,432,318
Basic earnings (loss) per common share	$	1.52	$	0.23	$	(0.29	)
Dilutive potential common shares:
Add: Dilutive effect of share-based compensation		46,882		9,391		—
Diluted weighted average common shares outstanding		16,791,443		16,682,584		17,432,318
Diluted earnings (loss) per common share	$	1.51	$	0.23	$	(0.29	)