Earnings Per Common Share

12 Months Ended

Dec. 31, 2015

Earnings Per Common Share

Earnings Per Common Share

Note 16—Earnings Per Common Share

The factors used in the earnings per common share computation follow:

	2015		2014
Basic	(Dollars in thousands, except share and per share)
Net income	$	9,072	$	2,529
Income available to common stockholders	$	9,072	$	2,529
Weighted average common shares outstanding		29,076,708		22,103,488
Earnings per common share—basic	$	0.31	$	0.11
Diluted
Net income	$	9,072	$	2,529
Income available to common stockholders	$	9,072	$	2,529
Weighted average common shares outstanding for basic earnings per common share		29,076,708		22,103,488
Add: dilutive effects of assumed exercises of stock options		—		—
Average shares and dilutive potential common shares		29,076,708		22,103,488
Earnings per common share—diluted	$	0.31	$	0.11

Stock options for 90,625 shares and 93,750 shares of common stock for the years ended December 31, 2015 and 2014, respectively, were not considered in computing diluted earnings per common share because they were anti-dilutive.