NOTE 5 - EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

EARNINGS PER SHARE

NOTE 5 - EARNINGS PER SHARE

The following information was used in the computation of EPS on a basic and diluted basis:

		Three months ended			Six months ended
		June 30,			June 30,
		2020		2019		2020		2019
	(dollars in thousands, except share data)
Net income	$	13,739	$	13,504	$	24,967	$	26,422
Basic EPS	$	0.87	$	0.86	$	1.58	$	1.68
Diluted EPS	$	0.86	$	0.85	$	1.56	$	1.66
Weighted average common shares outstanding		15,747,056		15,714,588		15,771,926		15,703,967
Weighted average common shares issuable upon exercise of stock options
and under the employee stock purchase plan		148,280		223,789		185,032		226,692
Weighted average common and common equivalent shares outstanding		15,895,336		15,938,377		15,956,958		15,930,659