Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Computations of Earnings per Common Share

Earnings per share for the three months ended March 31, 2019 and 2018 were calculated as follows (dollars in thousands, except share and per share data):

	For the Three Months Ended March 31,
	2019		2018
Net income	4,627		2,713
Less allocation of earnings and dividends to participating securities	8		4
Net income allocated to common shareholders	4,619		2,709
Weighted average common shares outstanding, gross	13,307,865		10,035,871
Less average participating securities	24,231		15,260
Weighted average number of shares outstanding used in the calculation of basic earnings per common share	13,283,634		10,020,611
Add dilutive effect of:
Stock options	3,704		7,977
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share	13,287,338		10,028,588
Earnings per common share:
Basic	$	0.35	0.27
Diluted	0.35		0.27