Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common Share

Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under the equity incentive plan, computed using the treasury stock method, and the impact of the Company’s convertible preferred stock using the “if converted” method.

	Three months ended
	March 31,
	2016		2015
Basic
Net income	$	4,725	$	3,171
Preferred stock dividends		391		404
Net income available to common shareholders - basic	$	4,334	$	2,767
Weighted average common shares outstanding - basic		7,860,716		7,758,998
Basic earnings per common share	$	0.55	$	0.36
Diluted
Net income available to common shareholders - basic	$	4,334	$	2,767
Preferred stock dividends		391		404
Net income available to common shareholders - diluted	$	4,725	$	3,171
Weighted average common shares outstanding for basic earnings per common share basic		7,860,716		7,758,998
Add: Dilutive effects of convertible perferred shares		3,078,245		3,148,676
Average shares and dilutive potential common shares outstanding - diluted		10,938,961		10,907,674
Diluted earnings per common share	$	0.43	$	0.29