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

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive loss consisted of the following at December 31, 2017 and 2016:

	2017			2016
	(Amounts in thousands)
Securities:
Non-credit unrealized losses on available for sale securities with OTTI	$	—		$	(309	)
Unrealized (losses) gains on available for sale securities without OTTI	(207		)	(273		)
Tax impact	77			233
	$	(130	)	$	(349	)

Computation of Earnings Per Common Share

Earnings per common share have been computed based on the following for 2017, 2016 and 2015:

	2017		2016		2015
	(dollars in thousands, except share data)
Basic earnings per common share
Net income available to common shareholders	$	10,751	$	17,310	$	9,497
Average common shares outstanding	7,657,756		7,507,709		7,309,874
Basic earnings per common share	$	1.40	$	2.31	$	1.30
Diluted earnings per common share
Net income available to common shareholders	$	10,751	$	17,310	$	9,497
Dividend on Preferred Series B	1,119		1,200		1,200
Net income available to common shareholders pre dividend on Preferred Series B	$	11,870	$	18,510	$	10,697
Average common shares outstanding	7,657,756		7,507,709		7,309,874
Dilutive potential common shares	1,901,879		2,114,563		2,258,431
Total diluted average common shares outstanding	9,559,635		9,622,272		9,568,305
Diluted earnings per common share	$	1.24	$	1.92	$	1.12