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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Earnings Per Share

The following is a summary of the basic and diluted earnings per share calculation for the three and nine months ended September 30, 2017 and 2016 (dollars in thousands, except share data):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Basic net income per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Net income

 

$

4,419

 

 

$

2,109

 

 

$

1,409

 

 

$

6,169

 

Denominator – Average common shares outstanding

 

 

11,279,364

 

 

 

8,792,665

 

 

 

11,239,093

 

 

 

8,701,596

 

Basic net income per share

 

$

0.39

 

 

$

0.24

 

 

$

0.13

 

 

$

0.71

 

Diluted net income per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Net income

 

$

4,419

 

 

$

2,109

 

 

$

1,409

 

 

$

6,169

 

Denominator – Average common shares outstanding

 

 

11,279,364

 

 

 

8,792,665

 

 

 

11,239,093

 

 

 

8,701,596

 

Dilutive shares contingently issuable

 

 

1,471,059

 

 

 

2,006,871

 

 

 

1,518,998

 

 

 

1,981,380

 

Average diluted common shares outstanding

 

 

12,750,423

 

 

 

10,799,536

 

 

 

12,758,091

 

 

 

10,682,976

 

Diluted net income per share

 

$

0.35

 

 

$

0.20

 

 

$

0.11

 

 

$

0.58