Earnings Per Common Share

3 Months Ended

Mar. 31, 2018

Earnings Per Common Share [Abstract]

Earnings Per Common Share

NOTE 8 – Earnings Per Common Share

The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three month periods ended March 31, 2018 and 2017. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at March 31, 2018. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At March 31, 2018 and 2017, there were 166,172 and 94,070 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.

	Three months ended
	March 31,
(dollars in thousands, except share data)	2018		2017
Numerator:
Net income available to common shareholders	$	5,214	3,112
Denominator:
Weighted-average common shares outstanding – basic		7,336,839	6,437,231
Common stock equivalents		390,046	392,359
Weighted-average common shares outstanding – diluted		7,726,885	6,829,590
Earnings per common share:
Basic	$	0.71	0.48
Diluted	$	0.67	0.46