Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Net Income Per Common Share

The following table presents our calculation of EPS for the periods shown:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands except shares and per share data)	2022		2021		2022		2021
Numerator for basic and diluted earnings per share:
Net income	$	2,718	$	11,828	$	8,538	$	29,160
Less: Dividends on preferred stock	—		—		—		35
Net income available to common shareholders	$	2,718	$	11,828	$	8,538	$	29,125
Denominator:
Total weighted-average shares outstanding	12,238,505		11,880,348		12,170,028		11,684,570
Effect of dilutive stock options and restricted stock units	616,446		943,961		682,546		881,239
Total diluted weighted-average shares outstanding	12,854,951		12,824,309		12,852,574		12,565,809
Earnings per share - basic	$	0.22	$	1.00	$	0.70	$	2.49
Earnings per share - diluted	$	0.21	$	0.92	$	0.66	$	2.32
Securities not included in the computation of diluted EPS because the effect would be antidilutive	564,604		267,603		533,543		283,750