Earnings Per Share

12 Months Ended

Dec. 31, 2019

Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding and dilutive common share equivalents using the treasury stock method. Dilutive common share equivalents include common shares issuable upon exercise of outstanding stock options and restricted stock. The effect from the stock options and restricted stock on incremental shares from the assumed conversions for net income per share-basic and net income per share-diluted are presented below. There were no antidilutive shares for the years ended December 31, 2019 and 2018.


(Dollars in thousands, except share and per share amounts)	2019		2018
Basic earnings per share computation:
Net income available to common stockholders	$	26,548	$	18,102
Average common shares outstanding – basic	13,953,497		12,423,618
Basic earnings per share	$	1.90	$	1.46
Diluted earnings per share computation:
Net income available to common stockholders	$	26,548	$	18,102
Average common shares outstanding – basic	13,953,497		12,423,618
Incremental shares from assumed conversions:
Stock options and restricted stock	92,869		94,022
Average common shares outstanding - diluted	14,046,366		12,517,640
Diluted earnings per share	$	1.89	$	1.45