Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the Company’s unaudited earnings per share calculations for the periods indicated:

	Quarter Ended September 30, 2016				Quarter Ended September 30, 2015
(dollars in thousands, except per share amounts)	Basic		Diluted		Basic		Diluted
Net income	$	9,675	$	9,675	$	2,762	$	2,762
Basic common shares outstanding		16,257,008		16,257,008		12,623,924		12,623,924
Effect of contingent shares issuable				796				796
Effect of options and restricted stock				530,143				450,215
Diluted common shares outstanding				16,787,947				13,074,935
Earnings per share	$	0.60	$	0.58	$	0.22	$	0.21

	Nine Months Ended September 30, 2016				Nine Months Ended September 30, 2015
(dollars in thousands, except per share amounts)	Basic		Diluted		Basic		Diluted
Net income	$	16,786	$	16,786	$	8,330	$	8,330
Basic common shares outstanding		16,132,112		16,132,112		9,534,056		9,534,056
Effect of contingent shares issuable				796				796
Effect of options and restricted stock				549,899				394,593
Diluted common shares outstanding				16,682,807				9,929,445
Earnings per share	$	1.04	$	1.01	$	0.87	$	0.84