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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
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) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 12,760 |  |  | $ | 7,700 |  |  | $ | 34,219 |  |  | $ | 19,531 |
Less: preferred stock distributions |  |  | 110 |  |  |  | 110 |  |  |  | 330 |  |  |  | 330 |
Net income available to common shareholders |  | $ | 12,650 |  |  | $ | 7,590 |  |  | $ | 33,889 |  |  | $ | 19,201 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares for basic earnings per share |  |  | 13,664,542 |  |  |  | 13,522,874 |  |  |  | 13,617,960 |  |  |  | 13,556,665 |
Non-vested restricted stock units |  |  | — |  |  |  | 65,609 |  |  |  | — |  |  |  | 57,721 |
Options |  |  | 136,335 |  |  |  | 225,962 |  |  |  | 66,058 |  |  |  | 184,490 |
Weighted average shares for diluted earnings per share |  |  | 13,800,877 |  |  |  | 13,814,445 |  |  |  | 13,684,018 |  |  |  | 13,798,876 |
Earnings per share - Basic |  | $ | 0.93 |  |  | $ | 0.56 |  |  | $ | 2.49 |  |  | $ | 1.42 |
Earnings per share - Diluted |  | $ | 0.92 |  |  | $ | 0.55 |  |  | $ | 2.48 |  |  | $ | 1.39 |

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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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