Earnings per Share

9 Months Ended

Sep. 30, 2023

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share. For additional information on the calculation of basic and diluted earnings per share, see Note 1, "Summary of Significant Accounting Policies - Earnings per Share" of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2022.


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars and shares in thousands, except per share data)	2023		2022		2023		2022
Numerator for basic and diluted earnings per share—net income available to common shareholders	$	17,016	$	20,801	$	54,850	$	54,284
Denominator for basic earnings per share—weighted-average shares outstanding	29,479		29,291		29,411		29,440
Effect of dilutive securities—stock options and restricted stock units	79		141		95		148
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	29,558		29,432		29,506		29,588
Basic earnings per share	$	0.58	$	0.71	$	1.86	$	1.85
Diluted earnings per share	$	0.58	$	0.71	$	1.86	$	1.84
Average antidilutive options and restricted stock units excluded from computation of diluted earnings per share	540		250		432		250