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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes

The components of accumulated other comprehensive (loss) income, net of taxes, are as follows:

 

(Dollars in thousands)

 

Unrealized Loss

on Securities

 

 

Defined Benefit

Plans

 

 

Accumulated Other

Comprehensive

(Loss) Income

 

Balance - June 30, 2022

 

$

(10,297

)

 

$

538

 

 

$

(9,759

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance - December 31, 2021

 

$

(255

)

 

$

413

 

 

$

158

 

Basic and Diluted Earnings Per Common Share

The following data shows the amounts used in computing basic and diluted earnings per common share.

(Dollars in thousands, except per share data)

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2022

 

 

 

2021

 

 

2022

 

 

 

2021

 

Net income

$

12,252

 

 

$

9,613

 

 

 

$

23,606

 

 

$

18,925

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

15,935,003

 

 

 

10,321,838

 

 

 

 

15,946,459

 

 

 

9,373,978

 

Effect of dilutive unvested restricted stock grants

 

36,415

 

 

 

15,942

 

 

 

 

17,286

 

 

 

6,479

 

Weighted average common shares outstanding (diluted)

 

15,971,418

 

 

 

10,337,780

 

 

 

 

15,963,745

 

 

 

9,380,457

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

$

0.77

 

 

$

0.93

 

 

 

$

1.48

 

 

$

2.02

 

Diluted earnings per common share

$

0.77

 

 

$

0.93

 

 

 

$

1.48

 

 

$

2.02