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Earnings Per Share | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | Note 15 – Earnings Per Share The following table shows the calculation of basic and diluted EPS and the weighted average number of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of dilutive potential common stock. Basic EPS amounts are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted EPS amounts assume the conversion, exercise, or issuance of all potential common stock instruments, unless the effect would be to reduce the loss or increase earnings per common share. Potential dilutive common stock instruments include exercisable stock options, including those converted and assumed in the Bay Banks Merger. For the three and nine months ended September 30, 2021, stock options for 0 and 433 shares of the Company’s common stock, respectively, were not included in the computation of diluted earnings per share because their effects would have been anti-dilutive. Weighted average common shares outstanding, basic and dilutive, for all periods presented are presented on a post Stock Split basis.
|  | For the three months ended |  |  | For the nine months ended |
(Dollars in thousands, except per share data) |  | September 30, 2021 |  |  | September 30, 2020 |  |  | September 30, 2021 |  |  | September 30, 2020 |
Net income |  | $ | 6,806 |  |  | $ | 5,059 |  |  | $ | 39,685 |  |  | $ | 12,117 |
Net loss (income) attributable to noncontrolling interest |  |  | 4 |  |  |  | 4 |  |  |  | (1 | ) |  |  | (1 | )
Net income available to common shareholders |  | $ | 6,810 |  |  | $ | 5,063 |  |  | $ | 39,684 |  |  | $ | 12,116 |
Weighted average common shares outstanding, basic |  |  | 18,776,014 |  |  |  | 8,577,932 |  |  |  | 17,526,055 |  |  |  | 8,521,395 |
Effect of dilutive securities |  |  | 22,711 |  |  |  | — |  |  |  | 9,341 |  |  |  | — |
Weighted average common shares outstanding, dilutive |  |  | 18,798,725 |  |  |  | 8,577,932 |  |  |  | 17,535,396 |  |  |  | 8,521,395 |
Basic and diluted earnings per common share |  | $ | 0.36 |  |  | $ | 0.59 |  |  | $ | 2.26 |  |  | $ | 1.42 |

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