Earnings Per Common Share

6 Months Ended

Jun. 30, 2021

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,
	2021					2020
($ in thousands except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount
Basic EPS:
Net income	$	29,285				$	16,352
Less: income allocated to participating securities	(163)					(96)
Basic EPS per common share	$	29,122	28,331,456	$	1.03	$	16,256	28,799,828	$	0.56

Diluted EPS:
Net income	$	29,285	28,331,456			$	16,352	28,799,828
Effect of Dilutive Securities	—		158,575			—		169,900
Diluted EPS per common share	$	29,285	28,490,031	$	1.03	$	16,352	28,969,728	$	0.56


	For the Six Months Ended June 30,
	2021					2020
($ in thousands except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount
Basic EPS:
Net income	$	57,479				$	34,532
Less: income allocated to participating securities	$	(341)				$	(200)
Basic EPS per common share	$	57,138	28,344,633	$	2.02	$	34,332	29,015,308	$	1.18

Diluted EPS:
Net income	$	57,479	28,344,633			$	34,532	29,015,308
Effect of Dilutive Securities	—		169,309			—		169,113
Diluted EPS per common share	$	57,479	28,513,942	$	2.02	$	34,532	29,184,421	$	1.18

There were no options outstanding for any of the periods presented.