EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2021

14. EARNINGS PER SHARE

The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated:


	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands, except per share data)	2021		2020		2021		2020
Net income	$	20,815	$	6,859	$	57,567	$	25,102

Weighted average common shares outstanding - basic	27,967,089		28,060,020		28,082,632		28,075,684
Dilutive effect of employee stock options and awards	208,864		51,644		233,942		96,469
Weighted average common shares outstanding - diluted	28,175,953		28,111,664		28,316,574		28,172,153

Basic earnings per common share	$	0.74	$	0.24	$	2.05	$	0.89
Diluted earnings per common share	$	0.74	$	0.24	$	2.03	$	0.89