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Earnings Per Common Share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
The following is a reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share:
 For the Three Months Ended September 30,
 20212020
($ in thousands except per
share amounts)
Income
(Numerator)
Shares
(Denominator)
Per Share
Amount
Income
(Numerator)
Shares
(Denominator)
Per Share
Amount
Basic EPS:
Net income$27,643 $23,297 
Less: income allocated to participating securities(125)(67)
Basic EPS per common share$27,518 28,385,912 $0.97 $23,230 28,857,111 $0.81 
Diluted EPS:
Net income $27,643 28,385,912 $23,297 28,857,111 
Effect of Dilutive Securities— 129,416 — 82,907 
Diluted EPS per common share$27,643 28,515,328 $0.97 $23,297 28,940,018 $0.81 
For the Nine Months Ended September 30,
20212020
($ in thousands except per
share amounts)
Income
(Numerator)
Shares
(Denominator)
Per Share
Amount
Income
(Numerator)
Shares
(Denominator)
Per Share
Amount
Basic EPS:
Net income$85,122 $57,829 
Less: income allocated to participating securities$(466)$(279)
Basic EPS per common share$84,656 28,358,393 $2.99 $57,550 28,962,576 $1.99 
Diluted EPS:
Net income$85,122 28,358,393 $57,829 28,962,576 
Effect of Dilutive Securities— 156,012 — 140,377 
Diluted EPS per common share$85,122 28,514,405 $2.99 $57,829 29,102,953 $1.99 
There were no options outstanding for any of the periods presented.