EARNINGS PER SHARE ("EPS")

9 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE (“EPS”)

The following tables set forth the calculation of basic and diluted EPS for the three and nine-month periods ended September 30, 2019 and 2018.



	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
	(Dollars in thousands except share and per share data)
Basic earnings per common share
Net income available to the Company	$	7,764	$	6,126	$	22,293	$	17,997
Less: Dividend on series B preferred stock	8		22		16		429
Net income available to common shareholders	7,756		6,104		22,277		17,568
Basic weighted-average common shares outstanding	10,770,009		10,168,991		10,758,811		9,350,068
Basic earnings per common share	$	0.72	$	0.60	$	2.07	$	1.88
Diluted earnings per common share
Net income available to common shares	$	7,756	$	6,104	$	22,277	$	17,568
Add: Dividend on series B preferred stock	8		22		16		429
Net income available to diluted common shares	7,764		6,126		22,293		17,997
Basic weighted-average common shares outstanding	10,770,009		10,168,991		10,758,811		9,350,068
Dilutive potential common shares	151,509		751,034		158,736		1,562,811
Diluted weighted-average common shares outstanding	10,921,518		10,920,025		10,917,547		10,912,879
Diluted earnings per common share	$	0.71	$	0.56	$	2.04	$	1.65