v3.24.1.u1
Earnings Per Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table presents the computations of basic and diluted EPS for the periods indicated:
Three Months Ended March 31,
($ in thousands, except per share)
20242023
Basic earnings per share:
Net income
$4,685 $10,297 
Less: income allocated to unvested restricted stock
(9)(33)
Net income allocated to common stock
$4,676 $10,264 
Weighted-average total common shares outstanding
14,262,235 14,465,833 
Less: weighted-average unvested restricted stock
(26,816)(46,678)
Weighted-average common shares outstanding, basic
14,235,419 14,419,155 
Basic earnings per share
$0.33 $0.71 
Diluted earnings per share:
Net income allocated to common stock
$4,676 $10,264 
Weighted-average common shares outstanding, basic
14,235,419 14,419,155 
Diluted effect of stock options
94,785 155,774 
Weighted-average common shares outstanding, diluted
14,330,204 14,574,929 
Diluted earnings per share
$0.33 $0.70 
There were 263,000 and 93,700 stock options excluded in computing diluted EPS because they were anti-dilutive for three months ended March 31, 2024 and 2023, respectively.