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Earnings Per Share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
 
Earnings per share of common stock are based on the weighted-average number of basic shares and dilutive shares outstanding during the period.
 
The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings per share computations for the three and nine months ended September 30, 2021 and 2020. 
(dollars in thousands, except per share data)Three Months Ended September 30,Nine Months Ended September 30,
 2021202020212020
Basic earnings per share  
Net income$12,090 $8,411 $35,636 $18,362 
Weighted-average common shares9,936,237 9,773,175 9,922,877 9,825,683 
Basic earnings per common share$1.22 $0.86 $3.59 $1.87 
Diluted earnings per share    
Net income$12,090 $8,411 $35,636 $18,362 
Weighted-average common shares9,936,237 9,773,175 9,922,877 9,825,683 
Dilutive effect of equity compensation51,865 49 51,194 1,499 
     Weighted-average common and incremental shares9,988,102 9,773,224 9,974,071 9,827,182 
Diluted earnings per common share (1)
$1.21 $0.86 $3.57 $1.87 
(1) Potential dilutive common shares are excluded from the computation of diluted EPS in the periods where the effect would be antidilutive. Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 0 and 28 for the three and nine months ended September 30, 2021, respectively, and 55,309 and 38,212 for the three and nine months ended September 30, 2020, respectively.