Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2018

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				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Basic
Net income	$	3,014	$	3,596	$	10,003	$	8,231
Preferred stock dividends		299		308		602		627
Net income available to common shareholders—basic	$	2,715	$	3,288	$	9,401	$	7,604
Weighted average common shares outstanding—basic		10,470,839		10,162,528		10,342,763		9,634,363
Basic earnings per common share	$	0.26	$	0.32	$	0.91	$	0.79
Diluted
Net income available to common shareholders—basic	$	2,715	$	3,288	$	9,401	$	7,604
Preferred stock dividends		299		308		602		627
Net income available to common shareholders—diluted	$	3,014	$	3,596	$	10,003	$	8,231
Weighted average common shares outstanding for basic    earnings per common share		10,470,839		10,162,528		10,342,763		9,634,363
Add: Dilutive effects of convertible preferred shares		2,144,497		2,431,349		2,263,652		2,469,465
Average shares and dilutive potential common shares    outstanding—diluted		12,615,336		12,593,877		12,606,415		12,103,828
Diluted earnings per common share	$	0.24	$	0.29	$	0.79	$	0.68