Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The factors used in the earnings per share computation follow:

	Three Months Ended
	September 30,
(Dollars in thousands, except share data)	2019			2018
Basic
Net income	$	4,000		$	3,481
Undistributed earnings allocated to participating securities		(81	)		(107	)
Net income allocated to common shares		3,919			3,374
Weighted average common shares outstanding		15,768,654			15,714,226
Basic earnings per common share	$	0.25		$	0.22
Diluted
Net income allocated to common shares	$	3,918		$	3,375
Weighted average common shares outstanding for basic earnings per common share		15,768,654			15,714,226
Add: Dilutive effects of assumed exercises of stock options		238,832			520,700
Average shares and dilutive potential common shares		16,007,486			16,234,926
Diluted earnings per common share	$	0.24		$	0.21

	Nine Months Ended
	September 30,
(Dollars in thousands, except share data)	2019			2018
Basic
Net income	$	12,576		$	10,489
Undistributed earnings allocated to participating securities		(309	)		(320	)
Net income allocated to common shares		12,267			10,169
Weighted average common shares outstanding		15,756,886			14,870,232
Basic earnings per common share	$	0.78		$	0.68
Diluted
Net income allocated to common shares	$	12,267		$	10,169
Weighted average common shares outstanding for basic earnings per common share		15,756,886			14,870,232
Add: Dilutive effects of assumed exercises of stock options		235,129			506,750
Average shares and dilutive potential common shares		15,992,015			15,376,982
Diluted earnings per common share	$	0.77		$	0.66