EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

EARNINGS PER SHARE

Computation of Basic and Diluted Earnings Per Share

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

	2022				2021				2020
(dollars in thousands, except per share amounts)	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income	$	110,512	$	110,512	$	109,511	$	109,511	$	84,369	$	84,369
Basic common shares outstanding		56,422,450		56,422,450		45,272,183		45,272,183		44,639,430		44,639,430
Effect of options, restricted stock and contingent shares issuable				67,610				187,357				261,375
Diluted common shares outstanding				56,490,060				45,459,540				44,900,805
Earnings per share	$	1.96	$	1.96	$	2.42	$	2.41	$	1.89	$	1.88