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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings per Share

The following represent the calculation of basic and diluted earnings per share for the periods presented:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

15,342

 

 

$

14,536

 

 

$

41,150

 

 

$

24,072

 

Less: Dividends on preferred shares

 

 

196

 

 

 

196

 

 

 

587

 

 

 

587

 

Net income available to common stockholders

 

$

15,146

 

 

$

14,340

 

 

$

40,563

 

 

$

23,485

 

Weighted-average common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common stock outstanding

   (basic)

 

 

37,831,356

 

 

 

36,042,914

 

 

 

37,094,083

 

 

 

32,341,087

 

Incremental shares

 

 

655,824

 

 

 

915,295

 

 

 

724,785

 

 

 

947,570

 

Weighted-average common stock outstanding (dilutive)

 

 

38,487,180

 

 

 

36,958,209

 

 

 

37,818,868

 

 

 

33,288,657

 

Basic earnings per common share

 

$

0.40

 

 

$

0.40

 

 

$

1.09

 

 

$

0.73

 

Diluted earnings per common share

 

$

0.39

 

 

$

0.39

 

 

$

1.07

 

 

$

0.71