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Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Earnings Per Share Calculation

The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three month periods ended March 31, 2021 and 2020. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at March 31, 2021. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At March 31, 2021 and 2020, there were 210,899 and 288,053 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.


	Three months ended
	March 31,
(dollars in thousands, except share data)		2021	2020
Numerator:
Net income available to common shareholders	$	10,366	2,832
Denominator:
Weighted-average common shares outstanding – basic		7,774,515	7,678,598
Common stock equivalents		134,022	148,575
Weighted-average common shares outstanding – diluted		7,908,537	7,827,173
Earnings per common share:
Basic	$	1.33	0.37
Diluted	$	1.31	0.36