EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2024

EARNINGS PER SHARES

EARNINGS PER SHARE

NOTE 13 – EARNINGS PER SHARE

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except per share data)	2024		2023		2024		2023
Basic earnings per share
Net Income	$	16,701	$	11,428	$	48,269	$	40,266
Weighted average common shares outstanding		25,331,916		25,274,665		25,261,347		25,203,114
Basic earnings per common share	$	0.66	$	0.45	$	1.91	$	1.60
Diluted earnings per share
Net Income	$	16,701	$	11,428	$	48,269	$	40,266
Weighted average common shares outstanding for basic earnings per common share		25,331,916		25,274,665		25,261,347		25,203,114
Add: Dilutive effects of restricted stock and options		342,942		317,209		329,725		307,575
Average shares and dilutive potential common shares		25,674,858		25,591,874		25,591,072		25,510,689
Diluted earnings per common share	$	0.65	$	0.45	$	1.89	$	1.58

There were no stock options or restricted stock excluded from the computation of diluted earnings per common share since they were antidilutive for the three and nine months ended September 30, 2024 and 2023.