EARNINGS PER SHARE ("EPS") (Tables)

9 Months Ended

Sep. 30, 2021

The following tables set forth the calculation of basic and diluted EPS for the three and nine-month periods ended September 30, 2021 and 2020.


	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
	(Dollars in thousands except share and per share data)
Basic earnings per common share
Net income available to the Company	$	10,501	$	6,543	$	30,687	$	20,296
Less: Dividend on series B preferred stock	(7)		(7)		(21)		(22)
Net income available to common shareholders	10,494		6,536		30,666		20,274
Basic weighted-average common shares outstanding	11,893,323		11,850,882		11,885,709		11,849,659
Basic earnings per common share	$	0.88	$	0.55	$	2.58	$	1.71
Diluted earnings per common share
Net income available to common shares	$	10,494	$	6,536	$	30,666	$	20,274
Add: Dividend on series B preferred stock	7		7		21		22
Net income available to diluted common shares	10,501		6,543		30,687		20,296
Basic weighted-average common shares outstanding	11,893,323		11,850,882		11,885,709		11,849,659
Dilutive potential common shares	232,305		124,212		229,680		137,305
Diluted weighted-average common shares outstanding	12,125,628		11,975,094		12,115,389		11,986,964
Diluted earnings per common share	$	0.87	$	0.55	$	2.53	$	1.69