EARNINGS APPLICABLE TO COMMON SHAREHOLDERS

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

EARNINGS APPLICABLE TO COMMON SHAREHOLDERS

EARNINGS APPLICABLE TO COMMON SHAREHOLDERSBasic per share data is calculated based on the weighted-average number of common shares outstanding during the reporting period. Diluted per share data includes any dilution from potential common stock outstanding, such as restricted stock grants. There were no anti-dilutive common stock equivalents excluded in the calculations.

The following tables disclose the reconciliation of the numerators and denominators of the basic and diluted computations applicable to common shareholders ($ in thousands, except per share amount):

	Three Months Ended June 30, 2022					Three Months Ended June 30, 2021
	Net Income (Numerator)		Shares (Denominator)	Per Share Data		Net Income (Numerator)		Shares (Denominator)	Per Share Data
Basic earnings per share	$	15,753	20,507,451	$	0.77	$	15,600	21,018,772	$	0.74
Effect of dilutive shares:
Restricted stock grants			108,477					188,288
Diluted earnings per share	$	15,753	20,615,928	$	0.76	$	15,600	21,207,060	$	0.74
	For the Six Months Ended June 30, 2022					For the Six Months Ended June 30, 2021
	Net Income (Numerator)		Shares (Denominator)	Per Share Data		Net Income (Numerator)		Shares (Denominator)	Per Share Data
Basic earnings per share	$	32,582	20,602,698	$	1.58	$	32,244	21,013,930	$	1.53
Effect of dilutive shares:
Restricted stock grants			122,847					182,147
Diluted earnings per share	$	32,582	20,725,545	$	1.57	$	32,244	21,196,077	$	1.52

The Company granted 82,123 shares and 84,578 shares of restricted stock in the first quarter of 2022 and 2021, respectively.