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Earnings Per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share  
Earnings Per Share

NOTE 16 Earnings Per Share

The calculation of basic and diluted earnings per share using the two-class method for the three and six months ended June 30, 2023 and 2022 are presented below:

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Three months ended

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Six months ended

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June 30, 

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June 30, 

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

    

2023

    

2022

    

2023

    

2022

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Net income

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$

9,104

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$

9,293

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$

17,290

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$

19,477

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Dividends and undistributed earnings allocated to participating securities

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​

62

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​

101

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​

120

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​

225

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Net income available to common shareholders

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$

9,042

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$

9,192

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$

17,170

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$

19,252

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Weighted-average common shares outstanding for basic earnings per share

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​

20,033

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17,297

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20,030

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17,271

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Dilutive effect of stock-based awards

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​

208

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235

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213

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246

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Weighted-average common shares outstanding for diluted earnings per share

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20,241

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17,532

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20,243

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17,517

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Earnings per common share:

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Basic earnings per common share

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$

0.45

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$

0.53

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$

0.86

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$

1.11

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Diluted earnings per common share

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$

0.45

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$

0.52

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$

0.85

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$

1.10

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