Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE (Tables)

v3.19.3.a.u2
EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2019
EARNINGS PER COMMON SHARE [Abstract]  
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings per Common Share
A reconciliation of the numerators and denominators of basic and diluted earnings per common share are as follows (dollars in thousands, except per share data):

   
2019
   
2018
 
Net income
 
$
31,979
   
$
26,379
 
                 
Weighted average shares outstanding, including participating stock awards - Basic
   
34,056,200
     
34,018,259
 
                 
Dilutive potential common shares:
               
Stock options
   
     
295
 
Weighted average shares outstanding - Diluted
   
34,056,200
     
34,018,554
 
Basic earnings per common share
 
$
0.94
   
$
0.78
 
Diluted earnings per common share
 
$
0.94
   
$
0.78