Earnings Per Share (Tables)

9 Months Ended

Sep. 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 nine months ended
	September 30,						September 30,
	2023			2022			2023			2022
	(Dollars in thousands, except per share data)
Net income, as reported	$	9,399		$	23,442		$	23,185		$	66,696
Divided by:
Total weighted average common shares outstanding and common stock equivalents (1)		29,703			30,695			30,017			30,960
Basic earnings per common share	$	0.32		$	0.76		$	0.77		$	2.15
Diluted earnings per common share	$	0.32		$	0.76		$	0.77		$	2.15
Dividend Payout ratio		68.8	%		28.9	%		85.7	%		30.7	%

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