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Earnings per Common Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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