v3.21.1

Earnings per Share | 3 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share The following table presents the computation of basic and diluted earnings per common share for the periods indicated:
| Three Months Ended March 31, |  |
(dollars in thousands, except per share amounts) | 2021 |  | 2020 |  |  |  |
Basic Earnings (Loss) Per Share: |  |  |  |  |  |  |
Net income (loss) | $ | 21,648 |  |  | $ | (1,975) |  |  |  |  |
Weighted average shares outstanding | 15,990,724 |  |  | 16,141,500 |  |  |  |  |
Basic earnings (loss) per common share | $ | 1.35 |  |  | $ | (0.12) |  |  |  |  |
Diluted Earnings (Loss) Per Share: |  |  |  |  |  |  |
Net income (loss) | $ | 21,648 |  |  | $ | (1,975) |  |  |  |  |
Weighted average shares outstanding, including all dilutive potential shares | 16,020,920 |  |  | 16,141,500 |  |  |  |  |
Diluted earnings (loss) per common share | $ | 1.35 |  |  | $ | (0.12) |  |  |  |  |
The weighted average shares that have an antidilutive effect in the calculation of diluted earnings per common share and have been excluded from the computation above were as follows:
| Three Months Ended March 31,
| 2021 |  | 2020
Dilutive shares (1) | — |  |  | 18,042 |
(1) Dilutive potential shares that were excluded from the computation of diluted earnings per common share for the three months ended March 31, 2020 as a result of the reported net loss available to common shareholders.

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