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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2018
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, 2018 and 2017 (dollars in thousands, except share data):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Basic net income per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Net income

 

$

3,656

 

 

$

4,419

 

 

$

10,363

 

 

$

1,409

 

Denominator – Average common shares outstanding

 

 

12,040,229

 

 

 

11,279,364

 

 

 

11,851,476

 

 

 

11,239,093

 

Basic net income per share

 

$

0.30

 

 

$

0.39

 

 

$

0.87

 

 

$

0.13

 

Diluted net income per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Net income

 

$

3,656

 

 

$

4,419

 

 

$

10,363

 

 

$

1,409

 

Denominator – Average common shares outstanding

 

 

12,040,229

 

 

 

11,279,364

 

 

 

11,851,476

 

 

 

11,239,093

 

Dilutive shares contingently issuable

 

 

1,073,546

 

 

 

1,471,059

 

 

 

1,201,282

 

 

 

1,518,998

 

Average diluted common shares outstanding

 

 

13,113,775

 

 

 

12,750,423

 

 

 

13,052,758

 

 

 

12,758,091

 

Diluted net income per share

 

$

0.28

 

 

$

0.35

 

 

$

0.79

 

 

$

0.11