Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

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,
	2017		2016
Basic
Net income	$	4,635	$	4,725
Preferred stock dividends		319		391
Net income available to common shareholders - basic	$	4,316	$	4,334
Weighted average common shares outstanding - basic		9,100,330		7,845,768
Basic earnings per common share	$	0.47	$	0.55
Diluted
Net income available to common shareholders - basic	$	4,316	$	4,334
Preferred stock dividends		319		391
Net income available to common shareholders - diluted	$	4,635	$	4,725
Weighted average common shares outstanding for basic earnings per common share basic		9,100,330		7,845,768
Add: Dilutive effects of convertible preferred shares		2,508,003		3,078,245
Average shares and dilutive potential common shares outstanding - diluted		11,608,333		10,924,013
Diluted earnings per common share	$	0.40	$	0.43