Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Common Share

v3.21.1
Basic and Diluted Earnings Per Common Share
3 Months Ended
Mar. 31, 2021
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 March 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in thousands, except per share data)

 

Net income available to common stockholders

 

$

10,086

 

 

$

4,074

 

Weighted average number of common shares - basic

 

 

17,103,981

 

 

 

18,184,110

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Employee stock-based compensation awards and warrants

 

 

414,048

 

 

 

257,867

 

Weighted average number of common shares - diluted

 

 

17,518,029

 

 

 

18,441,977

 

Basic earnings per common share

 

$

0.59

 

 

$

0.22

 

Diluted earnings per common share

 

$

0.58

 

 

$

0.22

 

Anti-dilutive warrants and stock options

 

 

76,712

 

 

 

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