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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Dollars in thousands, except per share amounts

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

7,663

 

 

$

8,820

 

 

$

31,313

 

 

$

23,532

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding for basic earnings per share

 

 

9,683

 

 

 

9,429

 

 

 

9,622

 

 

 

9,385

 

Effect of dilutive securities

 

 

407

 

 

 

221

 

 

 

278

 

 

 

228

 

Weighted-average shares adjusted for dilutive securities

 

 

10,090

 

 

 

9,650

 

 

 

9,900

 

 

 

9,613

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.79

 

 

$

0.94

 

 

$

3.25

 

 

$

2.51

 

Diluted

 

$

0.76

 

 

$

0.91

 

 

$

3.16

 

 

$

2.45