Earnings per Common Share (Tables)

9 Months Ended

Sep. 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 Company’s 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 September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Basic
Net income	$	3,680	$	3,253	$	13,586	$	9,546
Preferred stock dividends		374		391		1,156		1,186
Net income available to common shareholders - basic	$	3,306	$	2,862	$	12,430	$	8,360
Weighted average common shares outstanding - basic		8,042,303		7,843,578		7,922,170		7,815,222
Basic earnings per common share	$	0.41	$	0.36	$	1.57	$	1.07
Diluted
Net income available to common shareholders - basic	$	3,306	$	2,862	$	12,430	$	8,360
Preferred stock dividends		374		391		1,156		1,186
Net income available to common shareholders - diluted	$	3,680	$	3,253	$	13,586	$	9,546
Weighted average common shares outstanding for basic earnings per common share basic		8,042,303		7,843,578		7,922,170		7,815,222
Add: Dilutive effects of convertible preferred shares		2,922,609		3,078,245		3,024,712		3,101,937
Average shares and dilutive potential common shares outstanding - diluted		10,964,912		10,921,823		10,946,882		10,917,159
Diluted earnings per common share	$	0.34	$	0.30	$	1.24	$	0.87