Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
	2016		2015		2016		2015
Basic
Net income	$	5,181	$	3,122	$	9,906	$	6,292
Preferred stock dividends		391		391		782		795
Net income available to common shareholders - basic	$	4,790	$	2,731	$	9,124	$	5,497
Weighted average common shares outstanding - basic		7,877,119		7,842,159		7,861,444		7,800,808
Basic earnings per common share	$	0.61	$	0.35	$	1.16	$	0.70
Diluted
Net income available to common shareholders - basic	$	4,790	$	2,731	$	9,124	$	5,497
Preferred stock dividends		391		391		782		795
Net income available to common shareholders - diluted	$	5,181	$	3,122	$	9,906	$	6,292
Weighted average common shares outstanding for basic earnings per common share basic		7,877,119		7,842,159		7,861,444		7,800,808
Add: Dilutive effects of convertible preferred shares		3,074,402		3,079,665		3,076,323		3,113,980
Average shares and dilutive potential common shares outstanding - diluted		10,951,521		10,921,824		10,937,767		10,914,788
Diluted earnings per common share	$	0.47	$	0.29	$	0.91	$	0.58