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Earnings Per Share | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Note 15 – 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.
|  | For the years ended
|  | December 31,
(Dollars in thousands except shares and per share data) |  | 2022 |  | 2021 |  | 2020
Numerator for earnings per share: |  |  |  |  |  |
Net Income |  | $ | 14,387 |  |  | $ | 38,696 |  |  | $ | 37,411 |
Net loss attributable to noncontrolling interest |  | 660 |  |  | 425 |  |  | — |
Dividends on preferred stock |  | — |  |  | (35) |  |  | (461) |
Net income available to common shareholders |  | $ | 15,047 |  |  | $ | 39,086 |  |  | $ | 36,950 |
Denominator: |  |  |  |  |  |
Weighted-average shares outstanding - basic |  | 12,279,462 |  |  | 11,778,557 |  |  | 11,821,574 |
Effect of dilutive stock options and restricted stock units |  | 591,272 |  |  | 835,063 |  |  | 266,532 |
Weighted-average shares outstanding - diluted |  | 12,870,734 |  |  | 12,613,620 |  |  | 12,088,106 |
Earnings per common share - basic |  | $ | 1.23 |  |  | $ | 3.32 |  |  | $ | 3.13 |
Earnings per common share - diluted |  | $ | 1.17 |  |  | $ | 3.10 |  |  | $ | 3.06 |
Securities not included in the computation of diluted EPS because the effect would be antidilutive |  | 113,427 |  |  | 93,895 |  |  | 646,168 |

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