Three Months Ended June 30,

Six Months Ended June 30,

2021

2020

2021

2020

(dollars in thousands)

Numerator:

Net income

$

13,717

$

7,419

$

28,962

$

13,640

Earnings allocated to participating securities

(25)

(19)

(56)

(34)

Numerator for earnings per share - basic and diluted

$

13,692

$

7,400

$

28,906

$

13,606

Denominator:

Weighted average common shares outstanding

27,362,579

27,457,306

27,396,557

27,457,306

Dilutive effect of outstanding restricted stock units

17,701

—

10,137

—

Weighted average common shares outstanding, including all dilutive potential shares

27,380,280

27,457,306

27,406,694

27,457,306

Earnings per share - Basic

$

0.50

$

0.27

$

1.06

$

0.50

Earnings per share - Diluted

$

0.50

$

0.27

$

1.05

$

0.50