XML 92 R20.htm IDEA: XBRL DOCUMENT v3.20.1
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2019
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 12 – EARNINGS PER SHARE

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

    

Year Ended December 31, 

(Dollars in thousands except per share data)

    

2019

    

2018

    

2017

Basic earnings per share

 

 

 

 

 

 

 

 

 

Net Income

 

$

44,718

 

$

41,334

 

$

31,897

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

24,533,180

 

 

24,184,790

 

 

23,858,696

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

1.82

 

$

1.71

 

$

1.34

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

 

 

 

 

 

 

 

 

Net Income

 

$

44,718

 

$

41,334

 

$

31,897

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per common share

 

 

24,533,180

 

 

24,184,790

 

 

23,858,696

Add: Dilutive effects of restricted stock and options

 

 

196,355

 

 

290,908

 

 

280,310

 

 

 

 

 

 

 

 

 

 

Average shares and dilutive potential common shares

 

 

24,729,535

 

 

24,475,698

 

 

24,139,006

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

1.81

 

$

1.69

 

$

1.32

 

There were no stock options or restricted stock excluded from the computation of diluted earnings per common share since they were antidilutive for 2019, 2018 and 2017.