Earnings Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share

Earnings Per Share

NOTE 16 Earnings Per Share

The calculation of basic and diluted earnings per share using the two-class method for the three and six months ending June 30, 2022 and 2021 are presented below:

	Three months ended				Six months ended
	June 30,				June 30,
(dollars and shares in thousands, except per share data)	2022		2021		2022		2021
Net income	$	9,293	$	11,694	$	19,477	$	26,909
Dividends and undistributed earnings allocated to participating securities		101		179		225		432
Net income available to common shareholders	$	9,192	$	11,515	$	19,252	$	26,477
Weighted-average common shares outstanding for basic earnings per share		17,297		17,194		17,271		17,170
Dilutive effect of stock-based awards		235		303		246		312
Weighted-average common shares outstanding for diluted earnings per share		17,532		17,497		17,517		17,482
Earnings per common share:
Basic earnings per common share	$	0.53	$	0.67	$	1.11	$	1.54
Diluted earnings per common share	$	0.52	$	0.66	$	1.10	$	1.52