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Note 20 - Earnings Per Share
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 20.  EARNINGS PER SHARE

 

The computations of basic and diluted earnings per share follow:

 

  

For the Year Ended December 31,

 
  

2022

  

2021

  

2020

 
      

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

 $53,216          $45,738          $31,326         

Less preferred stock dividends

  (900)          (589)                   

Basic EPS

 $52,316   12,760,649  $4.10  $45,149   12,943,883  $3.49  $31,326   12,935,430  $2.42 

Effect of dilutive securities:

                                    

Stock options

                 44           4,320     

SARs

      56,616           53,964           34,785     

RSUs

      4,268           5,537           850     

Diluted EPS

 $52,316   12,821,533  $4.08  $45,149   13,003,428  $3.47  $31,326   12,975,385  $2.41 

 

Stock option and SAR grants are disregarded in this computation if they are determined to be anti-dilutive. At December 31, 2022, anti-dilutive SARs totaled 224,424.  At December 31, 2021, our anti-dilutive SARs totaled 400,229. At December 31, 2020, our anti-dilutive options were 200 and our anti-dilutive SARs totaled 222,740. All RSUs were dilutive for all periods presented.