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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 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 September 30, |  |  | Nine Months Ended September 30, |
(Dollars in thousands, except share and per share data) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 7,700 |  |  | $ | 23,746 |  |  | $ | 19,531 |  |  | $ | (3,189 | )
Less: preferred stock distributions |  |  | 110 |  |  |  | 110 |  |  |  | 330 |  |  |  | 330 |
Net income (loss) available to common shareholders |  | $ | 7,590 |  |  | $ | 23,636 |  |  | $ | 19,201 |  |  | $ | (3,519 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares for basic earnings per share |  |  | 13,522,874 |  |  |  | 14,589,797 |  |  |  | 13,556,665 |  |  |  | 14,549,601 |
Non-vested restricted stock units |  |  | 65,609 |  |  |  | 119,469 |  |  |  | 57,721 |  |  |  | — |
Options |  |  | 225,962 |  |  |  | 86,696 |  |  |  | 184,490 |  |  |  | — |
Weighted average shares for diluted earnings per share (1) |  |  | 13,814,445 |  |  |  | 14,795,962 |  |  |  | 13,798,876 |  |  |  | 14,549,601 |
Earnings per share - Basic |  | $ | 0.56 |  |  | $ | 1.62 |  |  | $ | 1.42 |  |  | $ | (0.24 | )
Earnings per share - Diluted |  | $ | 0.55 |  |  | $ | 1.60 |  |  | $ | 1.39 |  |  | $ | (0.24 | )
(1) For the nine months ended September 30, 2022, “weighted average shares outstanding – basic” was used to calculate “diluted earnings per share” due to a net loss for the 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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