Computation of Basic and Diluted Earnings per Common Share |
The factors used in the earnings per share computation follow.
|
|
2019 |
|
|
2018 |
|
|
2017 |
|
Basic |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
33,878 |
|
|
$ |
14,139 |
|
|
$ |
15,872 |
|
Preferred stock dividends |
|
|
647 |
|
|
|
959 |
|
|
|
1,244 |
|
Net income available to common
shareholders—basic |
|
$ |
33,231 |
|
|
$ |
13,180 |
|
|
$ |
14,628 |
|
Weighted average common shares
outstanding—basic |
|
|
15,652,881 |
|
|
|
11,971,786 |
|
|
|
9,906,856 |
|
Basic earnings per share |
|
$ |
2.12 |
|
|
$ |
1.10 |
|
|
$ |
1.48 |
|
Diluted |
|
|
|
|
|
|
|
|
|
|
|
|
Net income available to common
shareholders—basic |
|
$ |
33,231 |
|
|
$ |
13,180 |
|
|
$ |
14,628 |
|
Preferred stock dividends on convertible
preferred stock |
|
|
647 |
|
|
|
959 |
|
|
|
1,244 |
|
Net income available to common
shareholders—diluted |
|
$ |
33,878 |
|
|
$ |
14,139 |
|
|
$ |
15,872 |
|
Weighted average common shares outstanding
for earnings per common share basic |
|
|
15,652,881 |
|
|
|
11,971,786 |
|
|
|
9,906,856 |
|
Add: dilutive effects of convertible preferred
shares |
|
|
1,198,859 |
|
|
|
1,883,921 |
|
|
|
2,445,760 |
|
Average shares and dilutive potential
common shares outstanding—diluted |
|
|
16,851,740 |
|
|
|
13,855,707 |
|
|
|
12,352,616 |
|
Diluted earnings per share |
|
$ |
2.01 |
|
|
$ |
1.02 |
|
|
$ |
1.28 |
|
|