Shareholders' Equity and Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Shareholders' Equity and Earnings Per Share

Schedule of reconciliation of factors used in computing basic and diluted earnings per common share

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(Dollars in thousands, except per share amounts)
Net income available to common shareholders	$	6,261		$	3,011		$	18,654		$	10,730
Less: undistributed earnings allocated to Series C Preferred Stock		(300	)		(111	)		(1,278	)		(706	)
Distributed and undistributed earnings allocated to common shareholders	$	5,961		$	2,900		$	17,376		$	10,024
Weighted average common shares outstanding for basic earnings per common share		33,397,704			29,075,782			32,591,784			27,386,471
Dilutive effect of stock options oustanding, using the treasury stock method		295,624			256,670			272,071			202,993
Shares used in computing diluted earnings per common share		33,693,328			29,332,452			32,863,855			27,589,464
Basic earnings per share	$	0.18		$	0.10		$	0.53		$	0.37
Diluted earnings per share	$	0.18		$	0.10		$	0.53		$	0.36