Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share

Earnings Per Share

NOTE 13: EARNINGS PER SHARE

The following table sets forth the Company’s earnings per share calculations for the years ended December 31:

	2020				2019				2018
(dollars in thousands, except per share amounts)	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income	$	84,369	$	84,369	$	56,239	$	56,239	$	42,958	$	42,958
Basic common shares outstanding		44,639,430		44,639,430		44,617,361		44,617,361		42,092,361		42,092,361
Effect of options, restricted stock and contingent shares issuable				261,375				293,904				474,747
Diluted common shares outstanding				44,900,805				44,911,265				42,567,108
Earnings per share	$	1.89	$	1.88	$	1.26	$	1.25	$	1.02	$	1.01