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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the Company’s earnings per share calculations for the years ended December 31:

 

 

  

2016

 

  

2015

 

 

2014

 

(dollars in thousands, except share and per share amounts)

  

Basic

 

  

Diluted

 

  

Basic

 

  

Diluted

 

 

Basic

 

 

Diluted

 

Net income

 

$

23,303

 

 

$

23,303

 

 

$

13,378

 

 

$

13,378

 

 

$

8,394

 

 

$

8,394

 

Basic common shares outstanding

 

 

32,365,800

 

 

 

32,365,800

 

 

 

22,310,014

 

 

 

22,310,014

 

 

 

15,474,072

 

 

 

15,474,072

 

Effect of options, restricted stock and contingent shares issuable

 

 

 

 

 

 

1,106,016

 

 

 

 

 

 

 

841,696

 

 

 

 

 

 

 

858,614

 

Diluted common shares outstanding

 

 

 

 

 

 

33,471,816

 

 

 

 

 

 

 

23,151,710

 

 

 

 

 

 

 

16,332,686

 

Earnings per share

 

$

0.72

 

 

$

0.70

 

 

$

0.60

 

 

$

0.58

 

 

$

0.54

 

 

$

0.51