Earnings Per Common Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2018 and 2017. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at June 30, 2018. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At June 30, 2018 and 2017, there were 166,172 and 120,681 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.

	Three months ended			Six months ended
	June 30,			June 30,
(dollars in thousands, except share data)	2018		2017	2018	2017
Numerator:
Net income available to common shareholders	$	5,510	3,604	10,724	6,716
Denominator:
Weighted-average common shares outstanding – basic		7,370,709	6,986,948	7,353,867	6,713,608
Common stock equivalents		380,437	379,260	385,215	385,773
Weighted-average common shares outstanding – diluted		7,751,146	7,366,208	7,739,082	7,099,381
Earnings per common share:
Basic	$	0.75	0.52	1.46	1.00
Diluted	$	0.71	0.49	1.39	0.95