Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Computations of Earnings per Common Share

Earnings per share for the three and six months ended June 30, 2019 and 2018 were calculated as follows (dollars in thousands, except share and per share data):

	Three Months Ended   June 30,			Six Months Ended   June 30,
	2019		2018	2019		2018
Net income	$	4,728	2,738	9,355		5,451
Less allocation of earnings and dividends to participating securities	9		3	17		7
Net income allocated to common shareholders	$	4,719	2,735	9,338		5,444
Weighted average common shares outstanding, gross	13,216,922		11,114,745	13,262,140		10,578,290
Less average participating securities	24,231		15,260	24,231		15,260
Weighted average number of shares outstanding used in the calculation of basic earnings per common share	13,192,691		11,099,485	13,237,909		10,563,030
Add dilutive effect of:
Stock options	3,974		5,529	3,843		5,762
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share	13,196,665		11,105,014	13,241,752		10,568,792
Earnings per common share:
Basic	$	0.36	0.25	$	0.71	0.52
Diluted	0.36		0.25	0.71		0.52