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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings per Share [Abstract]  
Basic and Diluted Earnings Per Share
The following table shows the computation of basic and diluted earnings per share:
 
   
As of and for the three months ended March 31,
 
   
2022
   
2021
 
(Dollars in thousands, except per share amounts)
           
Numerator
           
Net income
 
$
6,184
   
$
5,104
 
                 
Denominator
               
Weighted-average shares outstanding for basic earnings per share
    9,088,975
      9,049,007
 
Dilutive effect of stock compensation (1)
    93,080
      9,678
 
Denominator for diluted earnings per share
    9,182,055
      9,058,685
 
                 
Earnings per common share
               
Basic
 
$
0.68
   
$
0.56
 
Diluted
 
$
0.67
   
$
0.56
 

(1)
The following have not been included in diluted earnings per share because to do so would have been antidilutive for the periods presented: Nonqualified stock options outstanding of 0 and 265,750 for the three month periods ended March 31, 2022 and 2021, respectively; Restricted stock units of 0 and 30,000 for the three month periods ended March 31, 2022 and 2021, respectively.