Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Common Share

v3.20.2
Basic and Diluted Earnings Per Common Share
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share

NOTE 12. BASIC AND DILUTED EARNINGS PER COMMON SHARE

The following table presents the computation of basic and diluted earnings per share for the periods presented:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands, except per share data)

 

Net income available to common stockholders

 

$

7,088

 

 

$

5,330

 

 

$

18,856

 

 

$

14,967

 

Weighted average number of common shares - basic

 

 

17,340,898

 

 

 

15,370,480

 

 

 

17,701,003

 

 

 

13,774,776

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock-based compensation awards and warrants

 

 

42,529

 

 

 

400,769

 

 

 

70,662

 

 

 

424,150

 

Weighted average number of common shares - diluted

 

 

17,383,427

 

 

 

15,771,249

 

 

 

17,771,665

 

 

 

14,198,926

 

Basic earnings per common share

 

$

0.41

 

 

$

0.35

 

 

$

1.07

 

 

$

1.09

 

Diluted earnings per common share

 

$

0.41

 

 

$

0.34

 

 

$

1.06

 

 

$

1.05

 

Anti-dilutive warrants and stock options

 

 

1,051,547

 

 

 

119,078

 

 

 

566,835

 

 

 

148,578