Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive loss consisted of the following at December 31, 2016 and 2015:

	2016			2015
	(Amounts in thousands)
Securities:
Non-credit unrealized losses on available for sale securities with OTTI	$	(309	)	$	(344	)
Unrealized (losses) gains on available for sale securities without OTTI	(273		)	71
Tax impact	233			108
	$	(349	)	$	(165	)

Computation of Earnings Per Common Share

Earnings per common share have been computed based on the following for 2016 and 2015:

	2016		2015
	(dollars in thousands, except share data)
Basic earnings per common share
Net income available to common shareholders	$	17,310	$	9,497
Average common shares outstanding	6,846,514		6,700,718
Basic earnings per common share	$	2.53	$	1.42
Diluted earnings per common share
Net income available to common shareholders	$	17,310	$	9,497
Dividend on Preferred Series B	1,200		1,200
Net income available to common shareholders pre dividend on Preferred Series B	$	18,510	$	10,697
Average common shares outstanding	6,846,514		6,700,718
Dilutive potential common shares	2,118,186		2,071,409
Total diluted average common shares outstanding	8,964,700		8,772,127
Diluted earnings per common share	$	2.06	$	1.22