Earnings per Common Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Earnings per Common Share

NOTE 22 - EARNINGS PER COMMON SHARE

The factors used in the earnings per share computation follow.

	2018		2017		2016
Basic
Net income	$	14,139	$	15,872	$	17,217
Preferred stock dividends		959		1,244		1,501
Net income available to common    shareholders—basic	$	13,180	$	14,628	$	15,716
Weighted average common shares    outstanding—basic		11,971,786		9,906,856		8,010,399
Basic earnings per share	$	1.10	$	1.48	$	1.96
Diluted
Net income available to common    shareholders—basic	$	13,180	$	14,628	$	15,716
Preferred stock dividends on convertible    preferred stock		959		1,244		1,501
Net income available to common    shareholders—diluted	$	14,139	$	15,872	$	17,217
Weighted average common shares outstanding    for earnings per common share basic		11,971,786		9,906,856		8,010,399
Add: dilutive effects of convertible preferred    shares		1,883,921		2,445,760		2,940,562
Average shares and dilutive potential    common shares outstanding—diluted		13,855,707		12,352,616		10,950,961
Diluted earnings per share	$	1.02	$	1.28	$	1.57

Basic earnings per common share are calculated by dividing net income by the weighted-average number of common shares outstanding for the period. 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 shares using the “if converted” method.