| 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.
|