EARNINGS PER SHARE ("EPS")

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE (“EPS”)

The following tables set forth the calculation of basic and diluted EPS for the three-month periods ended March 31, 2023 and 2022.

	Three months ended March 31,
	2023		2022
	(Dollars in thousands except share and per share data)
Basic earnings per common share
Net income available to the Company	$	11,130	$	10,091
Less: Dividend on series B preferred stock	(7)		(7)
Net income available to common shareholders	11,123		10,084
Basic weighted-average common shares outstanding	11,944,163		11,905,330
Basic earnings per common share	$	0.93	$	0.85
Diluted earnings per common share
Net income available to common shares	$	11,123	$	10,084
Add: Dividend on series B preferred stock	7		7
Net income available to diluted common shares	11,130		10,091
Basic weighted-average common shares outstanding	11,944,163		11,905,330
Dilutive potential common shares	216,630		274,990
Diluted weighted-average common shares outstanding	12,160,793		12,180,320
Diluted earnings per common share	$	0.92	$	0.83