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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share  
Schedule of basic and diluted earnings per share

Three months ended

March 31, 

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

    

2023

    

2022

Net income

$

8,186

$

10,184

Dividends and undistributed earnings allocated to participating securities

57

125

Net income available to common shareholders

$

8,129

$

10,059

Weighted-average common shares outstanding for basic earnings per share

20,028

 

17,244

Dilutive effect of stock-based awards

 

218

 

256

Weighted-average common shares outstanding for diluted earnings per share

20,246

17,500

Earnings per common share:

Basic earnings per common share

$

0.41

$

0.58

Diluted earnings per common share

$

0.40

$

0.57