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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Schedule of earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 

 

Nine months ended September 30, 

 

 

    

2018

    

2017

    

2018

    

2017

    

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per consolidated statements of income

 

$

7,113

 

$

3,845

 

$

19,268

 

$

9,044

 

Less:  Earnings allocated to participating securities

 

 

(56)

 

 

(74)

 

 

(152)

 

 

(174)

 

Net income available to common stockholders

 

$

7,057

 

$

3,771

 

$

19,116

 

$

8,870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding including participating securities

 

 

8,202,841

 

 

4,633,012

 

 

8,195,363

 

 

4,632,221

 

Less:  Weighted average participating securities

 

 

(67,443)

 

 

(89,087)

 

 

(69,143)

 

 

(89,087)

 

Weighted average common shares outstanding

 

 

8,135,398

 

 

4,543,925

 

 

8,126,220

 

 

4,543,134

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.87

 

$

0.83

 

$

2.35

 

$

1.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to common stockholders

 

$

7,057

 

$

3,771

 

$

19,116

 

$

8,870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per common share

 

 

8,135,398

 

 

4,543,925

 

 

8,126,220

 

 

4,543,134

 

Add:  Dilutive effects of assumed exercise of stock options

 

 

154,334

 

 

33,000

 

 

154,801

 

 

33,000

 

Average shares and dilutive potential common shares

 

 

8,289,732

 

 

4,576,925

 

 

8,281,021

 

 

4,576,134

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive earnings per common share

 

$

0.85

 

$

0.82

 

$

2.31

 

$

1.94