Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Calculation of Basic and Diluted Earnings Per Share

The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any restricted stock becomes vested.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(in thousands, except share and per share amounts)
Basic EPS:
Net income	$	6,132	$	23,767	$	23,463	$	43,079
Basic weighted average common shares		19,273,934		19,327,422		19,302,805		19,319,608
Basic earnings per common share	$	0.32	$	1.23	$	1.22	$	2.23
Diluted EPS:
Net income	$	6,132	$	23,767	$	23,463	$	43,079
Diluted weighted average common shares:
Weighted average common shares		19,273,934		19,327,422		19,302,805		19,319,608
Restricted stock		58,234		53,189		64,280		64,470
Diluted weighted average common shares		19,332,168		19,380,611		19,367,085		19,384,078
Diluted earnings per common share	$	0.32	$	1.23	$	1.21	$	2.22