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Earnings Per Share
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Diluted earnings per share is calculated using both the two-class and the treasury stock methods with the more dilutive
method used to determine reported diluted earnings per share. The two-class method was more dilutive in 2020 and 2019 and was used to determine reported diluted earnings per share. In 2018, the treasury stock method was more dilutive and was used to determine reported diluted earnings per share. The following table reconciles the numerators and denominators of basic and diluted EPS:
Years ended December 31,
(dollars in thousands, except share and per share data)202020192018
Numerator for Earnings per Common Share—Basic:
Net income$21,040 $98,234 $105,334 
Less: Income allocated to participating shares68 260 304 
Net Income Allocated to Common Shareholders$20,972 $97,974 $105,030 
Numerator for Earnings per Common Share—Diluted:
Net income$21,040 $98,234 $105,334 
Denominators:
Weighted Average Common Shares Outstanding—Basic39,070,439 34,628,191 34,775,784 
Add: Dilutive potential common shares43,193 94,763 199,625 
Denominator for Treasury Stock Method—Diluted39,113,632 34,722,954 34,975,409 
Weighted Average Common Shares Outstanding—Basic39,070,439 34,628,191 34,775,784 
Add: Average participating shares outstanding2,780 51,287 100,733 
Denominator for Two-Class Method—Diluted39,073,219 34,679,478 34,876,517 
Earnings per common share—basic$0.54 $2.84 $3.03 
Earnings per common share—diluted$0.53 $2.82 $3.01 
Warrants considered anti-dilutive excluded from dilutive potential common shares - exercise price $31.53 per share, expires January 2019(1)
— — 267,106 
Restricted stock considered anti-dilutive excluded from dilutive potential common shares1,242 12,686 81,587 
(1)We repurchased our outstanding warrant on September 11, 2018 for $7.7 million. Prior to the repurchase, the warrant provided the holder the right to 517,012 shares of common stock at a strike price of $31.53 per share via cashless exercise.