NOTE 7 - EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 7 - EARNINGS PER SHARE

The following information was used in the computation of EPS on a basic and diluted basis:

		Three months ended			Nine months ended
		September 30,			September 30,
		2019		2018		2019		2018
	(dollars in thousands, except share data)
Net income	$	15,095	$	8,809	$	41,517	$	29,804
Basic EPS	$	0.96	$	0.56	$	2.64	$	2.06
Diluted EPS	$	0.94	$	0.55	$	2.60	$	2.02
Weighted average common shares outstanding		15,739,430		15,625,123		15,715,788		14,477,783
Weighted average common shares issuable upon exercise of stock options
and under the employee stock purchase plan		237,312		297,201		230,232		308,994
Weighted average common and common equivalent shares outstanding		15,976,742		15,922,324		15,946,020		14,786,777