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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 20 – EARNINGS PER SHARE

Earnings per share were computed as shown below.

 

 

 

2017

 

 

2016

 

 

2015

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocable to common stockholders

 

$

20,649

 

 

$

9,373

 

 

$

10,123

 

Weighted average common shares outstanding

 

 

12,446,851

 

 

 

8,624,108

 

 

 

6,433,503

 

Weighted average vested restricted stock units

 

 

1,751

 

 

—

 

 

 

81,843

 

Weighted average shares

 

 

12,448,602

 

 

 

8,624,108

 

 

 

6,515,346

 

Basic earnings per common share

 

$

1.66

 

 

$

1.09

 

 

$

1.55

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocable to common stockholders

 

$

20,649

 

 

$

9,373

 

 

$

10,123

 

Weighted average common shares outstanding for:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

 

12,448,602

 

 

 

8,624,108

 

 

 

6,515,346

 

Dilutive effects of the assumed exercise of

   stock options

 

 

255,947

 

 

 

131,418

 

 

 

44,675

 

Dilutive effects of the assumed redemption of RSUs

 

 

2,635

 

 

 

—

 

 

—

 

Average shares and dilutive potential common shares

 

 

12,707,184

 

 

 

8,755,526

 

 

 

6,560,021

 

Diluted earnings per common share

 

$

1.62

 

 

$

1.07

 

 

$

1.54

 

 

Average outstanding stock options of 141,891, 92 and 365 for the years ending December 31, 2017, 2016 and 2015 were not included in the computation of diluted earnings per share because the options were antidilutive.