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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

		Quarters Ended March 31,
(Dollars in thousands, except share and per share data)		2023				2022
Numerator:
Net income (loss)		$	2,494			$	(14,773	)
Less: preferred stock distributions			110				110
Net income (loss) available to common shareholders		$	2,384			$	(14,883	)
Denominator:
Weighted average shares for basic earnings per share			13,670,732				14,514,950
Non-vested restricted stock units			103,407				—
Options			155,007				—
Weighted average shares for diluted earnings per share (1)			13,929,146				14,514,950
Earnings per share - Basic		$	0.17			$	(1.03	)
Earnings per share - Diluted		$	0.17			$	(1.03	)

(1)For the quarter ended March 31, 2022, “weighted average shares outstanding – basic” was used to calculate “diluted earnings per share” due to a net loss in this period.

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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