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Earnings Per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
 
Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding during the period. For purposes of calculating basic earnings per share, weighted average common shares outstanding excludes unallocated employee stock ownership plan (“ESOP”) shares that have not been committed for release and unvested restricted stock and performance-based restricted stock units.

Diluted earnings per share is computed using the same method as basic earnings per share, but reflects the potential dilution that could occur if stock options were exercised and converted into common stock and unvested shares of restricted stock and performance-based restricted stock units vested. These potentially dilutive shares are then included in the weighted average number of shares outstanding for the period using the treasury stock method. When applying the treasury stock method we added the assumed proceeds from option exercises and the average unamortized compensation costs related to unvested shares of restricted stock, performance-based restricted stock units and stock options. We then divided this sum by our average stock price for the period to calculate assumed shares repurchased. The excess of the number of shares issuable over the number of shares assumed to be repurchased is added to basic weighted average common shares to calculate diluted earnings per share.
 
The following is a summary of the Company’s earnings per share calculations and reconciliation of basic to diluted earnings per share for the periods indicated (in thousands, except per share data):

 Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Net income available to common stockholders$15,874 $19,794 $30,001 $38,471 
Weighted average shares outstanding-basic46,591,723 48,907,585 46,708,716 49,216,157 
Effect of non-vested restricted stock and stock, performance-based restricted stock units and options outstanding46,390 400,076 161,717 252,651 
Weighted average shares outstanding-diluted46,638,113 49,307,661 46,870,433 49,468,808 
Earnings per share-basic$0.34 $0.40 $0.64 $0.78 
Earnings per share-diluted$0.34 $0.40 $0.64 $0.78 
Anti-dilutive shares1,922,988 125,744 1,098,229 564,061