Earnings Per Common Share ("EPS")

6 Months Ended

Jun. 30, 2020

(2.)EARNINGS PER COMMON SHARE (“EPS”)

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts).

	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Net income available to common shareholders	$	10,766		$	11,035		$	11,528		$	22,191
Weighted average common shares outstanding:
Total shares issued		16,100			16,088			16,100			16,072
Unvested restricted stock awards		(5	)		(4	)		(4	)		(4	)
Treasury shares		(77	)		(114	)		(84	)		(118	)
Total basic weighted average common shares outstanding		16,018			15,970			16,012			15,950
Incremental shares from assumed:
Exercise of stock options		—			—			—			—
Vesting of restricted stock awards		29			45			46			47
Total diluted weighted average common shares outstanding		16,047			16,015			16,058			15,997
Basic earnings per common share	$	0.67		$	0.69		$	0.72		$	1.39
Diluted earnings per common share	$	0.67		$	0.69		$	0.72		$	1.39

For each of the periods presented, average shares subject to the following instruments were excluded from the computation of diluted EPS because the effect would be antidilutive:

Stock options	—	—	—	—
Restricted stock awards	74	7	38	8
Total	74	7	38	8