Earnings Per Share

12 Months Ended

Dec. 31, 2020

EARNINGS PER SHARE

The computations of basic and diluted earnings per share follow:


	For the Year Ended December 31,
	2020					2019					2018
			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	$	31,326				$	31,866				$	28,072

Basic EPS	$	31,326	12,935,430	$	2.42	$	31,866	12,516,474	$	2.55	$	28,072	12,364,468	$	2.27
Effect of dilutive securities:
Stock options			4,320					4,935					7,071
SARs			34,785					53,737					53,034
RSUs			850					—					—

Diluted EPS	$	31,326	12,975,385	$	2.41	$	31,866	12,575,146	$	2.53	$	28,072	12,424,573	$	2.26

Stock option and SAR grants are disregarded in this computation if they are determined to be anti-dilutive. At December 31, 2020, our anti-dilutive options were 200 and our anti-dilutive SARs totaled 222,740. All outstanding stock options were dilutive and our anti-dilutive SARs totaled 222,740 at December 31, 2019. Our anti-dilutive stock options were 7,700 and anti-dilutive SARs totaled 87,615 were dilutive at December 31, 2018.