Earnings Per Common Share

3 Months Ended

Mar. 31, 2022

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


	Three Months Ended
	March 31,
(Dollars in thousands, except per common share data)	2022		2021
Net income available to common shareholders	$	23,577	$	15,463
Less: Dividends paid on unvested common shares	(48)		(54)
Add: Undistributed loss allocated to unvested common shares	(21)		(15)
Net earnings allocated to common shareholders	$	23,508	$	15,394

Weighted-average common shares outstanding	28,006,165		19,282,665
Effect of potentially dilutive common shares	122,966		153,646
Total weighted-average diluted common shares outstanding	28,129,131		19,436,311

Earnings per common share:
Basic	$	0.84	$	0.80
Diluted	$	0.84	$	0.79
Anti-dilutive common shares excluded from calculation:
Restricted common shares	—		—