Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common Share

The factors used in the earnings per share computation follow.

	2015		2014		2013
Basic
Net income	$	12,745	$	9,528	$	6,179
Preferred stock dividends		1,577		1,873		1,159
Net income available to common shareholders - basic	$	11,168	$	7,655	$	5,020
Weighted average common shares outstanding - basic		7,822,369		7,707,917		7,707,917
Basic earnings per share	$	1.43	$	0.99	$	0.65
Diluted
Net income available to common shareholders - basic	$	11,168	$	7,655	$	5,020
Preferred stock dividends on convertible preferred stock		1,577		1,606		—
Net income available to common shareholders - diluted	$	12,745	$	9,261	$	5,020
Weighted average common shares outstanding for earnings per common share basic		7,822,369		7,707,917		7,707,917
Add: dilutive effects of convertible preferred shares		3,095,966		3,196,931		113,863
Average shares and dilutive potential common shares outstanding - diluted		10,918,335		10,904,848		7,821,780
Diluted earnings per share	$	1.17	$	0.85	$	0.64