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Earnings Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share

Earnings Per Share

Note 2: Earnings Per Share

Basic earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are calculated by dividing net income available to common shareholders by the weighted average number of common shares adjusted for the dilutive effect of stock compensation. For the years ended December 31, 2023, 2022 and 2021, 1,096,472, 410,760, and 222,107, respectively, of stock options, restricted stock awards and restricted stock units were excluded from the calculation because they were deemed to be antidilutive.

The following table presents the numerators and denominators for basic and diluted earnings per share computations for the years ended December 31, 2023, 2022 and 2021:

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,
(dollars in thousands, except per share data)		2023			2022			2021
Net Income Available to Common Shareholders	​	$	35,906	​	$	49,338	​	$	44,516
Weighted Average Common Stock Outstanding:	​	​	​	​	​	​	​	​	​
Weighted Average Common Stock Outstanding (Basic)	​	​	27,857,420	​	​	27,758,336	​	​	28,027,454
Dilutive Effect of Stock Compensation	​	​	458,167	​	​	909,841	​	​	940,832
Weighted Average Common Stock Outstanding (Dilutive)	​	​	28,315,587	​	​	28,668,177	​	​	28,968,286
​	​	​	​	​	​	​	​	​	​
Basic Earnings per Common Share	​	$	1.29	​	$	1.78	​	$	1.59
Diluted Earnings per Common Share	​	​	1.27	​	​	1.72	​	​	1.54

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Name Accounting Standards Codification
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