EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 20 – EARNINGS PER SHARE

Following are the factors used in the earnings per share computations:

(dollars in thousand except share and per share data)	2020		2019		2018
Basic earnings per common share:
Net income	$	84,337	$	87,047	$	80,411
Weighted-average common shares outstanding		25,469,242		25,588,404		25,288,533
Basic earnings per common share	$	3.31	$	3.40	$	3.18
Diluted earnings per common share:
Net income	$	84,337	$	87,047	$	80,411
Weighted-average common shares outstanding for basic earnings per common share		25,469,242		25,588,404		25,288,533
Add: Dilutive effect of assumed exercise of warrant		—		—		225,831
Add: Dilutive effect of assumed exercises of stock options and awards		104,699		170,489		213,467
Average shares and dilutive potential common shares		25,573,941		25,758,893		25,727,831
Diluted earnings per common share	$	3.30	$	3.38	$	3.13

There were no antidilutive stock options for 2020, 2019 and 2018.