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Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share  
Earnings Per Share

NOTE 14 Earnings Per Share

The calculation of basic and diluted earnings per share using the two-class method for the three and nine months ending September 30, 2021 and 2020 are presented below:

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Three months ended

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Nine months ended

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September 30, 

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September 30, 

(dollars and shares in thousands, except per share data)

    

2021

    

2020

    

2021

    

2020

Net income

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$

13,067

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$

17,659

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$

39,976

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$

34,496

Dividends and undistributed earnings allocated to participating securities

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​

196

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​

315

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​

628

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​

600

Net income available to common shareholders

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$

12,871

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$

17,344

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$

39,348

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$

33,896

Weighted-average common shares outstanding for basic earnings per share

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​

17,205

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17,121

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17,182

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17,101

Dilutive effect of stock-based awards

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​

294

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332

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306

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334

Weighted-average common shares outstanding for diluted earnings per share

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17,499

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17,453

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17,488

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​

17,435

Earnings per common share:

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Basic earnings per common share

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$

0.75

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$

1.01

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$

2.29

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$

1.98

Diluted earnings per common share

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$

0.74

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$

0.99

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$

2.26

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$

1.94

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