NOTE 6 - EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

EARNINGS PER SHARE

NOTE 6 - EARNINGS PER SHARE

The following information was used in the computation of EPS on a basic and diluted basis:

		Three months ended			Nine months ended
		September 30,			September 30,
		2020		2019		2020		2019
	(dollars in thousands, except share data)
Net income	$	17,344	$	15,095	$	42,311	$	41,517
Basic EPS	$	1.10	$	0.96	$	2.68	$	2.64
Diluted EPS	$	1.09	$	0.94	$	2.65	$	2.60
Weighted average common shares outstanding		15,767,152		15,739,430		15,770,335		15,715,788
Weighted average common shares issuable upon exercise of stock options
and under the employee stock purchase plan		156,426		237,312		175,497		230,232
Weighted average common and common equivalent shares outstanding		15,923,578		15,976,742		15,945,832		15,946,020