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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Schedule of reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share
The following is a reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share:
 
 
For the Three Months Ended June 30,
 
 
2020
 
2019
($ in thousands except per
share amounts)
 
Per Share
Amount
 
Shares
(Denominator)
 
Per Share
Amount
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
16,352

 
 
 
 
 
$
23,859

 
 
 
 
Less: income allocated to participating securities
 
(96
)
 
 
 
 
 
(114
)
 
 
 
 
Basic EPS per common share
 
$
16,256

 
28,799,828

 
$
0.56

 
$
23,745

 
29,626,931

 
$
0.80

 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
16,352

 
28,799,828

 
 
 
$
23,859

 
29,626,931

 
 
Effect of Dilutive Securities
 

 
169,900

 
 
 

 
170,010

 
 
Diluted EPS per common share
 
$
16,352

 
28,969,728

 
$
0.56

 
$
23,859

 
29,796,941

 
$
0.80

 
 
For the Six Months Ended June 30,
 
 
2020
 
2019
($ in thousands except per
share amounts)
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
34,532

 
 
 
 
 
$
46,144

 
 
 
 
Less: income allocated to participating securities
 
$
(200
)
 
 
 
 
 
$
(227
)
 
 
 
 
Basic EPS per common share
 
$
34,332

 
29,015,308

 
$
1.18

 
$
45,917

 
29,607,074

 
$
1.55

 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
34,532

 
29,015,308

 
 
 
$
46,144

 
29,607,074

 
 
Effect of Dilutive Securities
 

 
169,113

 
 
 

 
201,785

 
 
Diluted EPS per common share
 
$
34,532

 
29,184,421

 
$
1.18

 
$
46,144

 
29,808,859

 
$
1.55