Earnings Per Share

3 Months Ended

Mar. 31, 2018

Earnings per share of common stock are based on the weighted-average number of basic shares and dilutive shares outstanding during the period.

The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings per share computations for the three months ended March 31, 2018 and 2017.



	Three Months Ended March 31,
	2018		2017
Basic earnings per share
Net income	$	6,028	$	2,832
Weighted-average common shares	8,499,196		6,547,807
Basic earnings per common share	$	0.71	$	0.43
Diluted earnings per share
Net income	$	6,028	$	2,832
Weighted-average common shares	8,499,196		6,547,807
Dilutive effect of warrants	—		17,940
Dilutive effect of equity compensation	43,167		36,453
Weighted-average common and incremental shares	8,542,363		6,602,200
Diluted earnings per common share	$	0.71	$	0.43