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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2019
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 September 30,
 
 
2019
 
2018
($ 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
 
$
25,019

 
 
 
 
 
$
21,991

 
 
 
 
Less: income allocated to participating securities
 
(119
)
 
 
 
 
 

 
 
 
 
Basic EPS per common share
 
$
24,900

 
29,542,001

 
$
0.84

 
$
21,991

 
29,530,203

 
$
0.74

 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
25,019

 
29,542,001

 
 
 
$
21,991

 
29,530,203

 
 
Effect of Dilutive Securities
 

 
142,104

 
 
 

 
90,927

 
 
Diluted EPS per common share
 
$
25,019

 
29,684,105

 
$
0.84

 
$
21,991

 
29,621,130

 
$
0.74


 
 
For the Nine Months Ended September
 
 
2019
 
2018
($ 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
 
$
71,163

 
 
 
 
 
$
65,394

 
 
 
 
Less: income allocated to participating securities
 
(329
)
 
 
 
 
 

 
 
 
 
Basic EPS per common share
 
$
70,834

 
29,585,383

 
$
2.39

 
$
65,394

 
29,536,273

 
$
2.21

 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
71,163

 
29,585,383

 
 
 
$
65,394

 
29,536,273

 
 
Effect of Dilutive Securities
 

 
174,076

 
 
 

 
102,853

 
 
Diluted EPS per common share
 
$
71,163

 
29,759,459

 
$
2.39

 
$
65,394

 
29,639,126

 
$
2.21