Year Ended December 31,

2019

2018

2017

Basic

Net income available to common shareholders

$

14,806

$

34,505

$

28,083

Less: earnings allocated to participating securities

(120)

(372)

(219)

Net income allocated to common shareholders

$

14,686

$

34,133

$

27,864

Weighted average common shares outstanding including participating securities

$

14,633,399

$

14,169,294

$

13,145,005

Less: Participating securities

(118,747)

(152,638)

(102,650)

Average shares

14,514,652

14,016,656

13,042,355

Basic earnings per common share

$

1.01

$

2.44

$

2.14

Diluted

Net income allocated to common shareholders

$

14,686

$

34,133

$

27,864

Weighted average common shares outstanding for basic earnings per common share

14,514,652

14,016,656

13,042,355

Add: Dilutive effects of assumed exercises of stock options

352,242

540,302

633,738

Add: Dilutive effects of assumed exercises of stock warrants

—

1,578

Add: Dilutive effects of assumed vesting of restricted stock units

95,413

$

—

$

—

Average shares and dilutive potential common shares

$

14,962,307

$

14,556,958

$

13,677,671

Dilutive earnings per common share

$

0.98

$

2.34

$

2.04