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Shareholders' Equity and Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share  
Schedule of reconciliation of factors used in computing basic and diluted earnings per common share

 

                                                                                                                                                                                    

 

 

Year ended December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

(Dollars in thousands, except per share
amounts)

 

Net income available to common shareholders

 

$

14,705

 

$

12,419

 

$

11,204

 

Less: undistributed earnings allocated to Series C Preferred Stock

 

 

(912

)

 

(1,342

)

 

(1,687

)

​  

​  

​  

​  

​  

​  

Distributed and undistributed earnings allocated to common shareholders

 

$

13,793

 

$

11,077

 

$

9,517

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Weighted average common shares outstanding for basic earnings per common share

 

 

28,567,213

 

 

26,390,615

 

 

26,338,161

 

Dilutive effect of stock options oustanding, using the treasury stock method

 

 

218,865

 

 

135,667

 

 

48,291

 

​  

​  

​  

​  

​  

​  

Shares used in computing diluted earnings per common share

 

 

28,786,078

 

 

26,526,282

 

 

26,386,452

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Basic earnings per share

 

$

0.48

 

$

0.42

 

$

0.36

 

Diluted earnings per share

 

$

0.48

 

$

0.42

 

$

0.36