Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of Net Income Per Common Share

	Nine Months Ended September 30				Three Months Ended September 30
(Dollars in thousands except shares and per share data)	2019		2018		2019		2018
Numerator for basic earnings per share:
Net income from continuing operations	$	22,469	$	9,004	$	4,346	$	3,579
Less: Dividends on preferred stock	364		366		121		123
Net income from continuing operations available to common shareholders - basic	22,105		8,638		4,225		3,456
Net income from discontinued operations available to common shareholders - basic and diluted	427		—		(19)		—
Net income available to common shareholders	$	22,532	$	8,638	$	4,206	$	3,456
Numerator for diluted earnings per share:
Net income from continuing operations available to common shareholders - basic	$	22,105	$	8,638	$	4,225	$	3,456
Add: Dividends on convertible preferred stock	—		366		—		123
Add: Interest on subordinated debt (tax effected)	—		—		—		228
Net income from continuing operations available to common shareholders - diluted	$	22,105	$	9,004	$	4,225	$	3,807
Denominator:
Total average shares outstanding	11,661,581		10,845,166		11,731,774		11,416,202
Effect of dilutive convertible preferred stock	—		489,625		—		489,625
Effect of dilutive convertible subordinated debt	—		—		—		900,000
Effect of dilutive stock options and restricted stock units	295,804		355,523		366,561		307,432
Total diluted average shares outstanding	11,957,385		11,690,314		12,098,335		13,113,259
Earnings per share from continuing operations - basic	$	1.89	$	0.80	$	0.36	$	0.30
Earnings per share from discontinued operations - basic	$	0.04	$	—	$	—	$	—
Earnings per share - basic	$	1.93	$	0.80	$	0.36	$	0.30
Earnings per share from continuing operations - diluted	$	1.84	$	0.77	$	0.35	$	0.29
Earnings per share from discontinued operations - diluted	$	0.04	$	—	$	—	$	—
Earnings per share - diluted	$	1.88	$	0.77	$	0.35	$	0.29