Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share

Schedule of basic and diluted earnings per share

	Three months ended		Six months ended
	June 30,		June 30,
(dollars and shares in thousands, except per share data)	2020		2020
Net income	$	11,474	$	16,837
Dividends and undistributed earnings allocated to participating securities		200		282
Net income available to common shareholders	$	11,274	$	16,555
Weighted-average common shares outstanding for basic earnings per share		17,111		17,091
Dilutive effect of stock-based awards		334		334
Weighted-average common shares outstanding for diluted earnings per share		17,445		17,425
Earnings per common share:
Basic earnings per common share	$	0.66	$	0.97
Diluted earnings per common share	$	0.65	$	0.95

	Three months ended		Six months ended
	June 30,		June 30,
(dollars and shares in thousands, except per share data)	2019		2019
Basic:
Net income attributable to common shareholders	$	8,348	$	14,784
Weighted-average common shares outstanding		13,810		13,796
Basic earnings per common share	$	0.60	$	1.07
Diluted:
Net income attributable to common shareholders	$	8,348	$	14,784
Weighted-average common shares outstanding		13,810		13,796
Add: Dilutive effect of stock-based awards		290		293
Weighted-average common shares outstanding for diluted EPS		14,100		14,089
Diluted earnings per common share	$	0.59	$	1.05