Earnings Per Share

12 Months Ended

Dec. 31, 2019

EARNINGS PER SHARE

The computations of basic and diluted earnings per share follow:



	For the Year Ended December 31,
	2019					2018					2017
			Common					Common					Common
Dollars in thousands,	Income		Shares	Per		Income		Shares	Per		Income		Shares	Per
except per share amounts	(Numerator)		(Denominator)	Share		(Numerator)		(Denominator)	Share		(Numerator)		(Denominator)	Share
Net income	$	31,866				$	28,072				$	11,915
Basic EPS	$	31,866	12,516,474	$	2.55	$	28,072	12,364,468	$	2.27	$	11,915	11,918,390	$	1.00
Effect of dilutive securities:
Stock options			4,935					7,071					11,338
SARs			53,737					53,034					19,517
RSUs			—					—					—
Diluted EPS	$	31,866	12,575,145	$	2.53	$	28,072	12,424,573	$	2.26	$	11,915	11,949,245	$	1.00

Stock option and SAR grants are disregarded in this computation if they are determined to be anti-dilutive. At December 31, 2019, our anti-dilutive SARs totaled 222,740 and all outstanding stock options were dilutive. Our anti-dilutive stock options were 7,700 and anti-dilutive SARs totaled 87,615 at December 31, 2018. All outstanding stock options and SARs were dilutive at December 31, 2017.