Note 18 - Earnings per Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings per Share

Note 18. Earnings per Share

The following information was used in the computation of basic and diluted EPS for the years ended December 31, 2020, 2019, and 2018:

	2020		2019		2018
	(dollars in thousands, except per share data)
Net income	$	60,582	$	57,408	$	43,120
Basic EPS	$	3.84	$	3.65	$	2.92
Diluted EPS	$	3.80	$	3.60	$	2.86
Weighted average common shares outstanding*		15,771,650		15,730,016		14,768,687
Weighted average common shares issuable upon exercise of stock options
and under the employee stock purchase plan		180,987		237,759		296,043
Weighted average common and common equivalent shares outstanding**		15,952,637		15,967,775		15,064,730

*   The increase in weighted average common shares outstanding from 2018 to 2019 was primarily due to the common stock

issuances that occurred in conjunction with the Springfield Bancshares merger.

                 **  Excludes anti-dilutive shares of 104,636, 80,437 and 91,954 at December 31, 2020, 2019 and 2018, respectively.