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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  |  | Six Months Ended June 30, |
(Dollars in thousands, except share and per share data) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 9,337 |  |  | $ | (12,162 | ) |  | $ | 11,831 |  |  | $ | (26,935 | )
Less: preferred stock distributions |  |  | 110 |  |  |  | 110 |  |  |  | 220 |  |  |  | 220 |
Net income (loss) available to common shareholders |  | $ | 9,227 |  |  | $ | (12,272 | ) |  | $ | 11,611 |  |  | $ | (27,155 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares for basic earnings per share |  |  | 13,478,014 |  |  |  | 14,543,234 |  |  |  | 13,573,841 |  |  |  | 14,529,170 |
Non-vested restricted stock units |  |  | 61,579 |  |  |  | — |  |  |  | 58,571 |  |  |  | — |
Options |  |  | 168,391 |  |  |  | — |  |  |  | 161,809 |  |  |  | — |
Weighted average shares for diluted earnings per share (1) |  |  | 13,707,984 |  |  |  | 14,543,234 |  |  |  | 13,794,221 |  |  |  | 14,529,170 |
Earnings per share - Basic |  | $ | 0.68 |  |  | $ | (0.84 | ) |  | $ | 0.86 |  |  | $ | (1.87 | )
Earnings per share - Diluted |  | $ | 0.67 |  |  | $ | (0.84 | ) |  | $ | 0.84 |  |  | $ | (1.87 | )
(1) For the quarter and six months ended June 30, 2022, “weighted average shares outstanding – basic” was used to calculate “diluted earnings per share” due to a net loss in each period.

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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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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