XML 58 R24.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share
 12 Months Ended
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)202220212020
Numerator for earnings per share:
Net Income$14,387 $38,696 $37,411 
Net loss attributable to noncontrolling interest660 425 — 
Dividends on preferred stock— (35)(461)
Net income available to common shareholders$15,047 $39,086 $36,950 
Denominator:
Weighted-average shares outstanding - basic12,279,462 11,778,557 11,821,574 
Effect of dilutive stock options and restricted stock units591,272 835,063 266,532 
Weighted-average shares outstanding - diluted12,870,734 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 antidilutive113,427 93,895 646,168