Note 13 - Earnings Per Share

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

13.

Earnings per Share

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
(Amounts in thousands, except share and per share data)
Net income	$	7,652	$	6,383	$	20,272	$	18,722
Dividends on preferred stock		-		-		-		-
Net income available to common shareholders	$	7,652	$	6,383	$	20,272	$	18,722
Weighted average common shares outstanding, basic		17,005,654		17,031,074		17,005,350		17,433,406
Dilutive effect of potential common shares
Stock options		49,739		38,746		50,140		31,856
Restricted stock		27,336		13,706		21,468		9,949
Total dilutive effect of potential common shares		77,075		52,452		71,608		41,805
Weighted average common shares outstanding, diluted		17,082,729		17,083,526		17,076,958		17,475,211
Basic earnings per common share	$	0.45	$	0.37	$	1.19	$	1.07
Diluted earnings per common share		0.45		0.37		1.19		1.07
Antidilutive potential common shares
Stock options		71,592		127,789		75,868		127,789
Total potential antidilutive shares		71,592		127,789		75,868		127,789