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Earnings per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings per Share
Note 11 – Earnings per Share

We determine basic earnings per share (“EPS”) by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is determined by dividing net income available to common shareholders by the weighted-average number of shares outstanding, increased by both the number of shares that would be issued assuming the exercise of instruments under our incentive stock plan.
The following table presents our calculation of EPS for the periods shown:
 Three Months Ended June 30,Six Months Ended June 30,
(Dollars in thousands except shares and per share data)2022202120222021
Numerator for basic and diluted earnings per share:
Net income$2,956 $9,247 $5,820 $17,332 
Less: Dividends on preferred stock— — — 35 
Net income available to common shareholders$2,956 $9,247 $5,820 $17,297 
Denominator:
Total weighted-average shares outstanding12,176,805 11,639,237 12,135,223 11,585,059 
Effect of dilutive stock options and restricted stock units718,776 972,793 735,669 864,914 
Total diluted weighted-average shares outstanding12,895,581 12,612,030 12,870,892 12,449,973 
Earnings per share - basic$0.24 $0.79 $0.48 $1.49 
Earnings per share - diluted$0.23 $0.73 $0.45 $1.39 
Securities not included in the computation of diluted EPS because the effect would be antidilutive499,887 225,991 496,625 213,652