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Net Income Per Common Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Net Income Per Common Share
 
 
Three Months Ended March 31,
(Dollars in thousands except shares and per share data)
 
2018
 
2017
Numerator for basic earnings per share:
 
 
 
 
Net income
 
$
2,594

 
$
1,574

Less: Dividends on preferred stock
 
121

 
129

Net income available to common shareholders - basic
 
$
2,473

 
$
1,445

 
 
 
 
 
Numerator for diluted earnings per share:
 
 
 
 
Net income available to common shareholders - basic
 
$
2,473

 
$
1,445

Add: Interest on subordinated debt (tax effected)
 
404

 

Net income available to common shareholders - diluted
 
$
2,877

 
$
1,445

 
 
 
 
 
Denominator:
 
 

 
 

Total average shares outstanding
 
10,474,138

 
9,996,544

Effect of dilutive convertible subordinated debt
 
1,837,500

 

Effect of dilutive stock options and restrictive stock units
 
402,715

 
12,797

Total diluted average shares outstanding
 
12,714,353

 
10,009,341

 
 
 
 
 
Earnings per share - basic
 
$
0.24

 
$
0.14

Earnings per share - diluted
 
$
0.23

 
$
0.14