XML 43 R29.htm IDEA: XBRL DOCUMENT v3.24.0.1
Earnings Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Earnings per common share was computed based on the following:
 
Years Ended December 31,
(dollars in thousands, except per share  data)202320222021
Numerator:
Income applicable to common shares$40,240 $34,072 $48,621 
Denominator:
Weighted average common shares outstanding8,028 8,139 8,379 
Effect of dilutive securities:
Restricted stock15 13 12 
Stock options22 42 37 
Weighted average common shares outstanding - assuming dilution8,065 8,194 8,428 
Earnings per common share$5.02 $4.19 $5.80 
Earnings per common share - assuming dilution$4.99 $4.16 $5.77 
Options on 111,234, 77,655 and 97,836 shares of common stock were not included in computing diluted earnings per share for the years ended December 31, 2023, 2022 and 2021, respectively, because the effect of these shares was anti-dilutive.