Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The table below reflects the calculation of earnings per common share and the weighted average number of common shares outstanding, on an as if converted basis, used in computing basic and diluted earnings per common share (in thousands, expect per share amounts).

	Three Months Ended March 31,
	2023		2022
	(Unaudited)
Earnings per common share
Net (loss) income	$	(5,740)	$	5,333
Preferred Stock Dividend	1,457		—
Net (loss) income available to common shareholders	$	(7,197)	$	5,333
Basic weighted average shares outstanding	18,982		18,805
(Loss) earnings per common share	$	(0.38)	$	0.28
Diluted earnings per common share
Net (loss) income available to common shareholders	$	(7,197)	$	5,333
Basic weighted average shares outstanding	18,982		18,805
Effect of dilutive restricted stock and options	90		74
Diluted weighted average shares outstanding	19,072		18,879
Diluted (loss) earnings per common share	$	(0.38)	$	0.28

Schedule of Antidilutive Securities

The table below reflects a summary of securities that could potentially dilute basic earnings per common share in future periods that were not included in the computation of diluted earnings per share because the effect would have been antidilutive (in thousands).

	Three Months Ended March 31,
	2023	2022
	(Unaudited)
Antidilutive securities:
Stock options	136	103
Restricted shares	666	173
Total antidilutive securities	802	276