Earnings Per Share

12 Months Ended

Dec. 31, 2021

Note 17. Earnings Per Share

The following table shows the calculation of basic and diluted EPS and the weighted average number of shares outstanding used in computing EPS and the effect of dilutive potential common stock for the periods stated. Basic EPS amounts are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted EPS amounts assume the conversion, exercise, or issuance of all potential common stock instruments, unless the effect would be to reduce the loss or increase earnings per common share. Potential dilutive common stock instruments include exercisable stock options. For the year ended December 31, 2021, no stock options for shares of the Company’s common stock were considered anti-dilutive. Weighted average common shares outstanding, basic and dilutive, for all periods presented are presented on a post Stock Split basis.


	For the years ended December 31,
(Dollars in thousands, except per share data)	2021			2020
Net income	$	52,480		$	17,697
Net income attributable to noncontrolling interest		(3	)		(1	)
Net income available to common shareholders	$	52,477		$	17,696
Weighted average common shares outstanding, basic		17,840,675			8,535,606
Effect of dilutive securities		9,898			—
Weighted average common shares outstanding, dilutive		17,850,573			8,535,606
Basic and diluted earnings per common share	$	2.94		$	2.07