Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Earnings Per Common Share

v3.22.0.1
Basic and Diluted Earnings Per Common Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share

NOTE 16. BASIC AND DILUTED EARNINGS PER COMMON SHARE

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

 

 

 

For the Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands, except per share data)

 

Net income as reported

 

$

42,052

 

 

$

31,311

 

 

$

21,136

 

Net income available to common stockholders

 

$

42,052

 

 

$

31,311

 

 

$

21,136

 

Weighted average number of common shares - basic

 

 

17,180,097

 

 

 

17,567,117

 

 

 

14,697,342

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock-based compensation awards and warrants

 

 

461,287

 

 

 

82,346

 

 

 

415,485

 

Weighted average number of common shares - diluted

 

 

17,641,384

 

 

 

17,649,463

 

 

 

15,112,827

 

Basic earnings per common share

 

$

2.45

 

 

$

1.78

 

 

$

1.44

 

Diluted earnings per common share

 

$

2.38

 

 

$

1.77

 

 

$

1.40

 

Anti-dilutive warrants and stock options

 

 

165,870

 

 

 

570,985

 

 

 

141,950