Earnings Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following is a reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share ("EPS"):

	For the Three Months Ended June 30,
	2022					2021
($ in thousands except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount
Basic EPS:
Net income	$	36,585				$	29,285
Less: income allocated to participating securities	(172)					(163)
Basic EPS per common share	$	36,413	35,474,664	$	1.03	$	29,122	28,331,456	$	1.03
Diluted EPS:
Net income	$	36,585	35,474,664			$	29,285	28,331,456
Effect of dilutive securities	—		167,807			—		158,575
Diluted EPS per common share	$	36,585	35,642,471	$	1.03	$	29,285	28,490,031	$	1.03

	For the Six Months Ended June 30,
	2022					2021
($ in thousands except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount
Basic EPS:
Net income	$	70,554				$	57,479
Less: income allocated to participating securities	(326)					(341)
Basic EPS per common share	$	70,228	35,476,902	$	1.98	$	57,138	28,344,633	$	2.02
Diluted EPS:
Net income	$	70,554	35,476,902			$	57,479	28,344,633
Effect of Dilutive Securities	—		164,826			—		169,309
Diluted EPS per common share	$	70,554	35,641,728	$	1.98	$	57,479	28,513,942	$	2.02