Earnings Per Common Share

6 Months Ended

Jun. 30, 2022

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)	2022		2021		2022		2021
Net income available to common shareholders	$	24,888	$	10,103	$	48,465	$	25,566
Less: Dividends paid on unvested common shares	(102)		(81)		(150)		(150)
Add: Undistributed loss allocated to unvested common shares	(19)		(5)		(40)		(15)
Net earnings allocated to common shareholders	$	24,767	$	10,017	$	48,275	$	25,401

Weighted-average common shares outstanding	27,919,133		19,317,454		27,962,405		19,300,156
Effect of potentially dilutive common shares	142,603		144,480		78,740		148,388
Total weighted-average diluted common shares outstanding	28,061,736		19,461,934		28,041,145		19,448,544

Earnings per common share:
Basic	$	0.89	$	0.52	$	1.73	$	1.32
Diluted	$	0.88	$	0.51	$	1.72	$	1.31
Anti-dilutive common shares excluded from calculation:
Restricted common shares	188,468		—		906		—