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Summary of Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations (Unaudited) Summary of Quarterly Results of Operations (Unaudited)
The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2020, 2019 and 2018 (dollars in thousands, except per share data):
March 31June 30September 30December 31
2020
Net interest income$23,362 $28,106 $29,301 $32,547 
Net income(7,400)7,814 21,497 32,835 
Net income applicable to common stock(11,915)4,359 16,739 25,624 
Basic net income per share$(0.27)$0.10 $0.38 $0.58 
Diluted net income per share$(0.27)$0.10 $0.38 $0.58 
Basic weighted average shares outstanding44,263,334 44,376,437 44,405,196 44,492,325 
Diluted weighted average shares outstanding44,274,852 44,389,380 44,421,084 44,508,213 
2019
Net interest income$26,145 $22,356 $29,349 $27,031 
Net income19,890 14,526 25,913 23,595 
Net income applicable to common stock16,108 11,036 20,460 19,310 
Basic net income per share$0.40 $0.27 $0.48 $0.44 
Diluted net income per share$0.40 $0.27 $0.48 $0.44 
Basic weighted average shares outstanding39,798,215 41,226,805 42,795,038 43,549,406 
Diluted weighted average shares outstanding39,811,304 41,239,548 42,807,773 43,560,937 
2018
Net interest income$10,734 $19,738 $25,823 $25,993 
Net income5,296 12,102 19,000 16,427 
Net income applicable to common stock5,296 12,086 17,745 14,054 
Basic net income per share$0.17 $0.38 $0.49 $0.37 
Diluted net income per share$0.17 $0.38 $0.49 $0.37 
Basic weighted average shares outstanding31,670,518 31,762,199 35,468,648 38,088,364 
Diluted weighted average shares outstanding31,684,832 31,820,527 38,942,428 44,504,418 
Basic and diluted earnings per share are computed independently based on the weighted-average shares of common stock and restricted shares outstanding for each period. Accordingly, the sum of the quarterly earnings per share amounts may not agree to the total for the year.