Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Factors Used in Computation of Earnings Per Share

The factors used in the earnings per share computation follow:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands)	2017		2016		2017		2016
Basic
Net income to common stockholders	$	9,587	$	4,506	$	29,335	$	13,749
Weighted average common shares outstanding		19,811,577		17,859,604		18,600,009		17,845,431
Basic earnings per common share	$	0.48	$	0.25	$	1.58	$	0.77
Diluted
Net income to common stockholders	$	9,587	$	4,506	$	29,335	$	13,749
Dilutive effect of preferred stock		195		—		580		—
Net income to common stockholders - diluted	$	9,782	$	4,506	$	29,915	$	13,749
Weighted average common shares outstanding		19,811,577		17,859,604		18,600,009		17,845,431
Add:  Dilutive effects of restricted stock		63,384		148,977		65,999		125,215
Add:  Dilutive effects of assumed exercises of stock options		45,788		—		42,084		—
Add:  Dilutive effects of assumed exercises of stock warrants		54,476		93,095		110,089		71,251
Add:  Dilutive effects of assumed conversion of Preferred A		315,773		—		315,773		—
Add:  Dilutive effects of assumed conversion of Preferred B		354,471		—		354,471		—
Average shares and dilutive potential common shares		20,645,469		18,101,676		19,488,425		18,041,897
Diluted earnings per common share	$	0.47	$	0.25	$	1.53	$	0.76

Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Shares assumed to be converted from Preferred Stock Series A		—		315,773		—		315,773
Shares assumed to be converted from Preferred Stock Series B		—		360,578		—		360,578
Restricted stock awards		—		—		—		—
Stock options		58,442		164,175		58,442		164,175