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Earning Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share  
Schedule of reconciliation of factors used in computing basic and diluted earnings per common share

                                                                                                                                                                                                 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2016

 

2015

 

2016

 

2015

 

 

 

(Dollars in thousands, except per share amounts)

 

Net income available to common shareholders

 

$

6,791

 

$

4,029

 

$

12,393

 

$

7,719

 

Less: undistributed earnings allocated to Series C Preferred Stock

 

 

(576

)

 

(331

)

 

(979

)

 

(605

)

​  

​  

​  

​  

​  

​  

​  

​  

Distributed and undistributed earnings allocated to common shareholders

 

$

6,215

 

$

3,698

 

$

11,414

 

$

7,114

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Weighted average common shares outstanding for basic earnings per common share

 

 

32,243,935

 

 

26,573,909

 

 

32,184,825

 

 

26,541,816

 

Dilutive effect of stock options oustanding, using the the treasury stock method

 

 

268,676

 

 

193,346

 

 

260,691

 

 

182,444

 

​  

​  

​  

​  

​  

​  

​  

​  

Shares used in computing diluted earnings per common share

 

 

32,512,611

 

 

26,767,255

 

 

32,445,516

 

 

26,724,260

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Basic earnings per share

 


$

0.19

 


$

0.14

 


$

0.35

 


$

0.27

 

Diluted earnings per share

 

$

0.19

 

$

0.14

 

$

0.35

 

$

0.27