Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

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 shares using the “if converted” method.

	Three Months Ended
	March 31,
	2020		2019
Basic
Net income	$	7,833	$	9,669
Preferred stock dividends		—		164
Net income available to common shareholders—basic	$	7,833	$	9,505
Weighted average common shares outstanding—basic		16,517,745		15,607,655
Basic earnings per common share	$	0.47	$	0.61
Diluted
Net income available to common shareholders—basic	$	7,833	$	9,505
Preferred stock dividends		—		164
Net income available to common shareholders—diluted	$	7,833	$	9,669
Weighted average common shares outstanding for basic    earnings per common share		16,517,745		15,607,655
Add: Dilutive effects of convertible preferred shares		—		1,294,175
Average shares and dilutive potential common shares    outstanding—diluted		16,517,745		16,901,830
Diluted earnings per common share	$	0.47	$	0.57