Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Earnings Per Share

Earnings per common share have been computed based on the following:

	For the three months ended						For the six months ended
	June 30,						June 30,
	2023			2022			2023			2022
	(Dollars in thousands, except per share data)
Net income, as reported	$	8,628		$	25,035		$	13,786		$	43,254
Divided by:
Weighted average common shares outstanding (1)		30,090			30,937			30,177			31,095
Basic earnings per common share	$	0.29		$	0.81		$	0.46		$	1.39
Diluted earnings per common share	$	0.29		$	0.81		$	0.46		$	1.39
Dividend Payout ratio		75.9	%		27.2	%		95.7	%		31.7	%

(1) For the three and six months ended June 30, 2023, and 2022, there were no common stock equivalents that were anti-dilutive.