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Shareholders' Equity and Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share  
Schedule of reconciliation of factors used in computing basic and diluted earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

2017

    

2016

    

2015

 

 

(Dollars in thousands, except per share amounts)

 

Net income available to common shareholders

$

23,828

 

$

25,869

 

$

$ 14,705

 

Less: undistributed earnings allocated to Series C

 

 

 

 

 

 

 

 

 

Preferred Stock

 

 —

 

 

(1,278)

 

 

(912)

 

Distributed and undistributed earnings allocated to

 

 

 

 

 

 

 

 

 

  common shareholders

$

23,828

 

$

24,591

 

$

13,793

 

Weighted average common shares outstanding for basic earnings

 

 

 

 

 

 

 

 

 

     per common share

 

38,095,250

 

 

33,933,806

 

 

28,567,213

 

Dilutive effect of stock options outstanding, using

 

 

 

 

 

 

 

 

 

   the treasury stock method

 

515,565

 

 

285,315

 

 

218,865

 

Shares used in computing diluted earnings per common share

 

38,610,815

 

 

34,219,121

 

 

28,786,078

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$
0.63

 

$

0.72

 

$

0.48

 

Diluted earnings per share

$
0.62

 

$

0.72

 

$

0.48