Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of calculation of basic and diluted earnings per common share

	For the Years Ended December 31,
	2016					2015					2014
	Net Income			Shares		Net Income			Shares		Net Income			Shares
		(dollars in thousands, except per share data)
Net income	$	16,933				$	15,349				$	8,965
Less: dividends and accretion on preferred stock		–					(70	)				(168	)
Less: net income allocated to participating securities		(90	)				(83	)				(63	)

Net income allocated to common shareholders	$	16,843				$	15,196				$	8,734


Weighted average shares outstanding					34,051,171					34,129,930					32,567,137
Basic earnings per common share	$	0.49				$	0.45				$	0.27


Dilutive effect of share-based compensation awards					136,350					144,972					145,846

Weighted average diluted shares outstanding					34,187,521					34,274,902					32,712,983


Diluted earnings per common share (1)	$	0.49				$	0.44				$	0.27

(1) For the year ended December 31, 2015, diluted EPS as presented under the two-class method is $0.44 per share ($0.443 per share when extended), compared to $0.45 per share ($0.445 per share when extended) as presented last year. This change in rounding is due to the application of the two-class method for presenting EPS, where an allocation of $83 thousand in earnings for the year ended December 31, 2015 is made to participating securities, which represent restricted stock awards.