Schedule of Weighted Average Number of Shares |
The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings per share computations for the three and six months ended June 30, 2021 and 2020. | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands, except per share data) | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2021 | | 2020 | | 2021 | | 2020 | Basic earnings per share | | | | | | | | | Net income | | $ | 13,096 | | | $ | 3,932 | | | $ | 23,546 | | | $ | 9,951 | | Weighted-average common shares | | 9,932,761 | | | 9,768,227 | | | 9,916,087 | | | 9,798,528 | | Basic earnings per common share | | $ | 1.32 | | | $ | 0.40 | | | $ | 2.37 | | | $ | 1.02 | | Diluted earnings per share | | | | | | | | | Net income | | $ | 13,096 | | | $ | 3,932 | | | $ | 23,546 | | | $ | 9,951 | | Weighted-average common shares | | 9,932,761 | | | 9,768,227 | | | 9,916,087 | | | 9,798,528 | | | | | | | | | | | Dilutive effect of equity compensation | | 48,661 | | | — | | | 54,060 | | | 3,899 | | Weighted-average common and incremental shares | | 9,981,422 | | | 9,768,227 | | | 9,970,147 | | | 9,802,427 | | Diluted earnings per common share (1) | | $ | 1.31 | | | $ | 0.40 | | | $ | 2.36 | | | $ | 1.02 | | | | | | | | | | |
(1) Potential dilutive common shares are excluded from the computation of diluted EPS in the periods where the effect would be antidilutive. Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 6 and 3 for the three and six months ended June 30, 2021, respectively, and 79,893 and 29,606 for the three and six months ended June 30, 2020, respectively.
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