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Earnings Per Share | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Earnings per share is calculated using both the two-class and the treasury stock methods with the more dilutive method used to determine reported basic and diluted earnings per share. The two-class method was more dilutive in 2021, 2020 and 2019 and was used to determine reported earnings per share. The following table reconciles the numerators and denominators of basic and diluted EPS:
| Years ended December 31,
(dollars in thousands, except share and per share data) | 2021 |  | 2020 |  | 2019
Numerators for Earnings per Common Share—Basic and Diluted: |  |  |  |  |
Net income | $ | 110,343 |  |  | $ | 21,040 |  |  | $ | 98,234 |
Less: Income allocated to participating shares | 492 |  |  | 68 |  |  | 260 |
Net Income Allocated to Common Shareholders | $ | 109,851 |  |  | $ | 20,972 |  |  | $ | 97,974 |
Denominators: |  |  |  |  |
Weighted Average Common Shares Outstanding—Basic | 39,050,241 |  |  | 39,070,439 |  |  | 34,628,191 |
Add: Average participating shares outstanding | 2,720 |  |  | 2,780 |  |  | 51,287 |
Denominator for Diluted | 39,052,961 |  |  | 39,073,219 |  |  | 34,679,478 |
Earnings per common share—basic | $ | 2.81 |  |  | $ | 0.54 |  |  | $ | 2.84 |
Earnings per common share—diluted | $ | 2.81 |  |  | $ | 0.53 |  |  | $ | 2.82 |
Restricted stock considered anti-dilutive excluded from dilutive potential common shares | 793 |  |  | 1,242 |  |  | 12,686 |

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