Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of compliance with regulatory capital requirements

The following table presents the Company’s and the Bank’s actual capital ratios as of December 31, 2020 and December 31, 2019, as well as the minimum capital ratios for capital adequacy for the Bank.


(Dollars in thousands)	Actual Ratio
December 31, 2020	Amount		Ratio
Tier 1 Leverage Ratio	$	178,407	9.28	%
Common Equity Tier 1 Ratio (CET 1)	$	173,407	14.10	%
Tier 1 Risk-Based Capital Ratio	$	178,407	14.50	%
Total Risk-Based Capital Ratio	$	191,572	15.58	%

December 31, 2019
Tier 1 Leverage Ratio	$	172,945	11.38	%
Common Equity Tier 1 Ratio (CET 1)	$	167,945	14.55	%
Tier 1 Risk-Based Capital Ratio	$	172,945	14.98	%
Total Risk-Based Capital Ratio	$	182,325	15.79	%

The following table presents the Bank’s regulatory capital ratios as of December 31, 2020 and December 31, 2019.


(Dollars in thousands)	Actual Ratio				Minimum regulatory requirement (1)
December 31, 2020	Amount		Ratio		Amount		Ratio
Tier 1 Leverage Ratio	$	177,269	9.23	%	$	76,852	4.00	%
Common Equity Tier 1 Ratio (CET 1)	$	177,269	14.41	%	$	55,346	7.00	%
Tier 1 Risk-Based Capital Ratio	$	177,269	14.41	%	$	73,795	8.50	%
Total Risk-Based Capital Ratio	$	190,434	15.48	%	$	98,394	10.50	%

December 31, 2019
Tier 1 Leverage Ratio	$	171,332	11.27	%	$	60,810	4.00	%
Common Equity Tier 1 Ratio (CET 1)	$	171,332	14.85	%	$	51,930	7.00	%
Tier 1 Risk-Based Capital Ratio	$	171,332	14.85	%	$	69,240	8.50	%
Total Risk-Based Capital Ratio	$	180,712	15.66	%	$	92,320	10.50	%
(1) The minimum regulatory requirement threshold includes the capital conservation buffer of 2.50%.

Schedule of computation of basic and diluted earnings per common share

A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations is as follows (in thousands, except share and per-share amounts):


	For the Years Ended December 31,
	2020		2019		2018
Basic Earnings Per Common Share:
Net income	$	20,347	$	21,443	$	21,289


Weighted average shares outstanding	12,534,078		13,415,118		13,699,823
Net income per common share	$	1.62	$	1.60	$	1.55
Diluted Earnings Per Common Share:
Net income	$	20,347	$	21,443	$	21,289


Weighted average shares outstanding	12,534,078		13,415,118		13,699,823
Effect of dilutive stock options and warrants	42,241		98,489		125,185
Weighted average shares of common stock and common stock equivalents	12,576,319		13,513,607		13,825,008
Net income per diluted common share	$	1.62	$	1.59	$	1.54