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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2020
EARNINGS PER SHARE  
Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2020

    

2019

    

2018

 

 

(dollars in thousands)

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

36,845

 

$

66,865

 

$

63,799

Earnings allocated to unvested restricted stock units

 

 

(93)

 

 

 —

 

 

 —

Numerator for earnings per share - basic and diluted

 

$

36,752

 

$

66,865

 

$

63,799

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

27,457,306

 

 

20,090,270

 

 

18,047,332

Dilutive effect of outstanding restricted stock units

 

 

 —

 

 

 —

 

 

 —

Weighted average common shares outstanding, including all dilutive potential shares

 

 

27,457,306

 

 

20,090,270

 

 

18,047,332

 

 

 

 

 

 

 

 

 

 

Earnings per share - Basic

 

$

1.34

 

$

3.33

 

$

3.54

Earnings per share - Diluted

 

$

1.34

 

$

3.33

 

$

3.54