Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computations of basic and diluted EPS for the periods indicated:

	Three Months Ended March 31,
($ in thousands, except per share)	2024		2023
Basic earnings per share:
Net income	$	4,685	$	10,297
Less: income allocated to unvested restricted stock	(9)		(33)
Net income allocated to common stock	$	4,676	$	10,264
Weighted-average total common shares outstanding	14,262,235		14,465,833
Less: weighted-average unvested restricted stock	(26,816)		(46,678)
Weighted-average common shares outstanding, basic	14,235,419		14,419,155
Basic earnings per share	$	0.33	$	0.71
Diluted earnings per share:
Net income allocated to common stock	$	4,676	$	10,264
Weighted-average common shares outstanding, basic	14,235,419		14,419,155
Diluted effect of stock options	94,785		155,774
Weighted-average common shares outstanding, diluted	14,330,204		14,574,929
Diluted earnings per share	$	0.33	$	0.70