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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Summary of Earnings Per Share

Earnings per share were computed as shown below.

 

 

 

2019

 

 

2018

 

 

2017

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocable to common stockholders

 

$

25,579

 

 

$

35,825

 

 

$

20,649

 

Weighted average common shares outstanding

 

 

15,618,690

 

 

 

15,389,513

 

 

 

12,446,851

 

Weighted average vested restricted stock units

 

 

1,201

 

 

 

4,403

 

 

 

1,751

 

Weighted average shares

 

 

15,619,891

 

 

 

15,393,916

 

 

 

12,448,602

 

Basic earnings per common share

 

$

1.64

 

 

$

2.33

 

 

$

1.66

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocable to common stockholders

 

$

25,579

 

 

$

35,825

 

 

$

20,649

 

Weighted average common shares outstanding for:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

 

15,619,891

 

 

 

15,393,916

 

 

 

12,448,602

 

Dilutive effects of the assumed exercise of

   stock options

 

 

201,409

 

 

 

293,588

 

 

 

255,947

 

Dilutive effects of the assumed redemption of RSUs

 

 

21,839

 

 

 

20,882

 

 

 

2,635

 

Average shares and dilutive potential common shares

 

 

15,843,139

 

 

 

15,708,386

 

 

 

12,707,184

 

Diluted earnings per common share

 

$

1.61

 

 

$

2.28

 

 

$

1.62