Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Earnings Per Common Share (Tables)

v3.20.4
Basic and Diluted Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted EPS

The following table presents the computation of basic and diluted EPS:

 

 

 

For the Years Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(Dollars in thousands, except per share data)

 

Net income as reported

 

$

31,311

 

 

$

21,136

 

 

$

9,978

 

Less: Participated securities share of undistributed earnings

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

 

$

31,311

 

 

$

21,136

 

 

$

9,978

 

Weighted average number of common shares - basic

 

 

17,567,117

 

 

 

14,697,342

 

 

 

9,258,216

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock-based compensation awards and warrants

 

 

82,346

 

 

 

415,485

 

 

 

384,192

 

Weighted average number of common shares - diluted

 

 

17,649,463

 

 

 

15,112,827

 

 

 

9,642,408

 

Basic earnings per common share

 

$

1.78

 

 

$

1.44

 

 

$

1.08

 

Diluted earnings per common share

 

$

1.77

 

 

$

1.40

 

 

$

1.03

 

Anti-dilutive warrants and stock options

 

 

570,985

 

 

 

141,950

 

 

 

82,948