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Earnings Per Share

3 Months Ended

Mar. 31, 2024

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 computed 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 three months ended March 31, 2024, stock options, restricted stock awards and restricted stock units totaling 1,158,046 were excluded from the calculation because they were deemed to be anti-dilutive. For the three months ended March 31, 2023, stock options, restricted stock awards and restricted stock units totaling 621,994 shares 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 three months ended March 31, 2024 and 2023:

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
(dollars in thousands, except per share data)		2024			2023
Net Income Available to Common Shareholders	​	$	6,818	​	$	10,629
Weighted Average Common Stock Outstanding:	​	​	​	​	​	​
Weighted Average Common Stock Outstanding (Basic)	​	​	27,691,401	​	​	27,726,894
Dilutive Effect of Stock Compensation	​	​	398,404	​	​	763,152
Weighted Average Common Stock Outstanding (Dilutive)	​	​	28,089,805	​	​	28,490,046
​	​	​	​	​	​	​
Basic Earnings per Common Share	​	$	0.25	​	$	0.38
Diluted Earnings per Common Share	​	​	0.24	​	​	0.37

​

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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