Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule of Net Income Per Common Share

(Dollars in thousands except shares and per share data)	For the nine months ended September 30,				For the three months ended September 30,
	2016		2015		2016		2015
Numerator for basic earnings per share:
Net Income from continuing operations	$	6,670	$	5,349	$	2,310	$	1,510
Less: Dividends on preferred stock	814		430		314		145
Net income from continuing operations available to common shareholders - basic	5,856		4,919		1,996		1,365
Net Income from discontinued operations available to common shareholders - basic and diluted	3,935		65		—		(104		)
Net Income available to common shareholders	$	9,791	$	4,984	$	1,996	$	1,261
Numerator for diluted earnings per share:
Net income from continuing operations available to common shareholders - basic	$	5,856	$	4,919	$	1,996	$	1,365
Add: Dividends on convertible preferred stock	—		—		123		—
Add: Interest on convertible subordinated debt (tax effected)	924		1,042		350		—
Net income available to common shareholders from continuing operations - diluted	$	6,780	$	5,961	$	2,469	$	1,365
Denominator:
Total average shares outstanding	8,073,644		7,998,203		8,080,690		8,023,549
Effect of dilutive convertible preferred stock	—		—		489,625		—
Effect of dilutive convertible subordinated debt	1,837,500		1,837,500		1,837,500		—
Effect of dilutive stock options	24,065		125,530		26,529		152,755
Total diluted average shares outstanding	9,935,209		9,961,233		10,434,344		8,176,304
Earnings per share from continuing operations - basic	$	0.73	$	0.61	$	0.25	$	0.17
Earnings per share from discontinued operations - basic	$	0.49	$	0.01	$	—	$	(0.01	)
Earnings per share common shareholder - basic	$	1.22	$	0.62	$	0.25	$	0.16
Earnings per share from continuing operations - diluted	$	0.68	$	0.60	$	0.24	$	0.17
Earnings per share from discontinued operations - diluted	$	0.40	$	—	$	—	$	(0.01	)
Earnings per share per common shareholder - diluted	$	1.08	$	0.60	$	0.24	$	0.16