Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share

Schedule of basic and diluted earnings per share

The calculation of basic and diluted earnings per share using the two-class method for the year ending December 31, 2019 is presented below:

	Year ended
	December 31,
(dollars and shares in thousands, except per share data)	2019
Net income	$	29,540
Dividends and undistributed earnings allocated to participating securities		647
Net income available to common shareholders	$	28,893
Weighted-average common shares outstanding for basic earnings per share		14,736
Dilutive effect of stock-based awards		357
Weighted-average common shares outstanding for diluted earnings per share		15,093
Earnings per common share:
Basic earnings per common share	$	1.96
Diluted earnings per common share	$	1.91

The calculation of basic and diluted earnings per share using the treasury stock method for the years ending December 31, 2018 and 2017 is presented below:

	Year ended
	December 31,
(dollars and shares in thousands, except per share data)	2018		2017
Basic:
Net income attributable to common shareholders	$	25,866	$	15,001
Weighted-average common shares outstanding		13,763		13,653
Basic earnings per common share	$	1.88	$	1.10
Diluted:
Net income attributable to common shareholders		25,866		15,001
Weighted-average common shares outstanding		13,763		13,653
Add: Dilutive effect of stock-based awards		300		354
Weighted-average common shares outstanding for diluted EPS		14,063		14,007
Diluted earnings per common share	$	1.84		1.07