Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

22. EARNINGS PER SHARE

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

		For the Year Ended December 31,
		2019			2018			2017
	(dollars in thousands, except per share data)
Earnings per common share - basic:
Numerator:
Net income		$	25,257		$	23,881		$	14,816
Less dividends and undistributed earnings allocated    to participating securities			(210	)		(239	)		(157	)
Net income applicable to common shareholders		$	25,047		$	23,642		$	14,659
Denominator:
Weighted average common shares outstanding			4,629			4,062			4,031
Earnings per common share - basic		$	5.41		$	5.82		$	3.64
Earnings per common share - diluted:
Numerator:
Net income		$	25,257		$	23,881		$	14,816
Less dividends and undistributed earnings allocated    to participating securities			(210	)		(239	)		(157	)
Net income applicable to common shareholders		$	25,047		$	23,642		$	14,659
Denominator:
Weighted average common shares outstanding			4,629			4,062			4,031
Dilutive effect of common stock equivalents			33			37			35
Weighted average diluted common shares outstanding			4,662			4,099			4,066
Earnings per common share - diluted		$	5.37		$	5.77		$	3.61