Note 18 - Earnings per Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings per Share

Note 18. Earnings per Share

The following information was used in the computation of basic and diluted EPS for the years ended December 31, 2019, 2018, and 2017:

	2019		2018		2017
	(dollars in thousands, except per share data)
Net income	$	57,408	$	43,120	$	35,707
Basic EPS	$	3.65	$	2.92	$	2.68
Diluted EPS	$	3.60	$	2.86	$	2.61
Weighted average common shares outstanding*		15,730,016		14,768,687		13,325,128
Weighted average common shares issuable upon exercise of stock options
and under the employee stock purchase plan		237,759		296,043		355,344
Weighted average common and common equivalent shares outstanding**		15,967,775		15,064,730		13,680,472

*   The increase in weighted average common shares outstanding from 2017 to 2018 and 2019 was primarily due to the common stock

     issuances that occurred in conjunction with the Springfield Bancshares merger and Guaranty Bank acquisition.

                 **  Excludes anti-dilutive shares of 80,437,  91,954 and 49,919  at December 31, 2019, 2018 and 2017, respectively.