Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

The calculations of basic and diluted earnings per common share were as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except per common share data)	2021		2020		2021		2020
Distributed earnings allocated to common shareholders	$	6,983	$	6,709	$	13,760	$	13,652
Undistributed earnings (loss) allocated to common shareholders	3,034		(2,051)		11,656		(9,842)
Net earnings allocated to common shareholders	$	10,017	$	4,658	$	25,416	$	3,810

Weighted-average common shares outstanding	19,317,454		19,720,315		19,300,156		20,043,329
Effect of potentially dilutive common shares	144,480		138,565		148,388		139,893
Total weighted-average diluted common shares outstanding	19,461,934		19,858,880		19,448,544		20,183,222

Earnings per common share:
Basic	$	0.52	$	0.24	$	1.32	$	0.19
Diluted	$	0.51	$	0.23	$	1.31	$	0.19
Anti-dilutive common shares excluded from calculation:
Restricted shares	—		77,371		—		57,170