Earnings Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

20.EARNINGS PER SHARE

The following represents a reconciliation between basic and diluted earnings per share:

		For the Year Ended December 31,
		2022			2021			2020
	(dollars in thousands, except per share data)
Earnings per common share - basic:
Numerator:
Net income		$	52,909		$	54,024		$	31,959
Less dividends and undistributed earnings allocated    to participating securities			(257	)		(250	)		(47	)
Net income applicable to common shareholders		$	52,652		$	53,774		$	31,912
Denominator:
Weighted average common shares outstanding			7,163			6,926			6,289
Earnings per common share - basic		$	7.35		$	7.76		$	5.07
Earnings per common share - diluted:
Numerator:
Net income		$	52,909		$	54,024		$	31,959
Less dividends and undistributed earnings allocated    to participating securities			(257	)		(250	)		(47	)
Net income applicable to common shareholders		$	52,652		$	53,774		$	31,912
Denominator:
Weighted average common shares outstanding			7,163			6,926			6,289
Dilutive effect of common stock equivalents			51			65			55
Weighted average diluted common shares outstanding			7,214			6,991			6,344
Earnings per common share - diluted		$	7.30		$	7.69		$	5.03