Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Basic
Net income	$	6,504	$	8,661	$	14,337	$	18,330
Preferred stock dividends		—		164		—		328
Net income available to common shareholders—basic	$	6,504	$	8,497	$	14,337	$	18,002
Weighted average common shares outstanding—basic		16,044,125		15,628,537		16,280,935		15,618,154
Basic earnings per common share	$	0.41	$	0.54	$	0.88	$	1.15
Diluted
Net income available to common shareholders—basic	$	6,504	$	8,497	$	14,337	$	18,002
Preferred stock dividends		—		164		0		328
Net income available to common shareholders—diluted	$	6,504	$	8,661	$	14,337	$	18,330
Weighted average common shares outstanding for basic    earnings per common share		16,044,125		15,628,537		16,280,935		15,618,154
Add: Dilutive effects of convertible preferred shares		—		1,294,175		—		1,294,175
Average shares and dilutive potential common shares    outstanding—diluted		16,044,125		16,922,712		16,280,935		16,912,329
Diluted earnings per common share	$	0.41	$	0.51	$	0.88	$	1.08