Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Common Share (Tables)

v3.20.2
Basic and Diluted Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per 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