Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Components of Basic and Diluted Net Income per Common Share

The components of basic and diluted net income per common share available to common stockholders for the three-month period ended March 31, 2018 and 2017 were as follows:

	Three months ended March 31,
	2018		2017
Basic Net Income per Common Share
Available to Common Stockholders:
Net income	$	8,390,000	$	6,264,000
Weighted average common shares outstanding	12,671,017		12,475,728
Basic earnings per common share	$	0.66	$	0.50
Diluted Net Income per Common Share
Available to Common Stockholders:
Net income applicable to diluted earnings per share	$	8,390,000	$	6,264,000
Weighted average common shares outstanding	12,671,017		12,475,728
Dilutive potential common shares:
Assumed conversion of stock options	3,980		9,179
Restricted stock awarded	13,250		836
Assumed conversion of preferred stock	—		—
Dilutive potential common shares	17,230		10,015
Diluted weighted average common shares outstanding	12,688,247		12,485,743
Diluted earnings per common share	$	0.66	$	0.50

Anti-dilutive Securities

There were no shares not considered in computing diluted earnings per share for the three-month periods ended March 31, 2018 and 2017 because they were anti-dilutive.