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Earnings per Common Share (Tables)
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share

The factors used in the earnings per share computation follow.

 

 

 

2017

 

 

2016

 

 

2015

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

15,872

 

 

$

17,217

 

 

$

12,745

 

Preferred stock dividends

 

 

1,244

 

 

 

1,501

 

 

 

1,577

 

Net income available to common

   shareholders—basic

 

$

14,628

 

 

$

15,716

 

 

$

11,168

 

Weighted average common shares

   outstanding—basic

 

 

9,906,856

 

 

 

8,010,399

 

 

 

7,822,369

 

Basic earnings per share

 

$

1.48

 

 

$

1.96

 

 

$

1.43

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common

   shareholders—basic

 

$

14,628

 

 

$

15,716

 

 

$

11,168

 

Preferred stock dividends on convertible

   preferred stock

 

 

1,244

 

 

 

1,501

 

 

 

1,577

 

Net income available to common

   shareholders—diluted

 

$

15,872

 

 

$

17,217

 

 

$

12,745

 

Weighted average common shares outstanding

   for earnings per common share basic

 

 

9,906,856

 

 

 

8,010,399

 

 

 

7,822,369

 

Add: dilutive effects of convertible preferred

   shares

 

 

2,445,760

 

 

 

2,940,562

 

 

 

3,095,966

 

Average shares and dilutive potential

   common shares outstanding—diluted

 

 

12,352,616

 

 

 

10,950,961

 

 

 

10,918,335

 

Diluted earnings per share

 

$

1.28

 

 

$

1.57

 

 

$

1.17