Three Months Ended September 30,

Nine Months Ended September 30,

2022

2021

2022

2021

(dollars in thousands)

Numerator:

Net income

$

15,627

$

13,715

$

43,316

$

42,677

Earnings allocated to participating securities

(17)

(25)

(51)

(81)

Numerator for earnings per share - basic and diluted

$

15,610

$

13,690

$

43,265

$

42,596

Denominator:

Weighted average common shares outstanding

28,787,662

27,340,926

28,887,757

27,377,809

Dilutive effect of outstanding restricted stock units

72,643

13,921

56,761

11,412

Weighted average common shares outstanding, including all dilutive potential shares

28,860,305

27,354,847

28,944,518

27,389,221

Earnings per share - Basic

$

0.54

$

0.50

$

1.50

$

1.56

Earnings per share - Diluted

$

0.54

$

0.50

$

1.49

$

1.56