Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

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 and six-month period ended June 30, 2018 and 2017 were as follows:



	Three months ended June 30,				Six months ended June 30,
	2018		2017		2018		2017
Basic Net Income per Common Share
Available to Common Stockholders:
Net income	$	10,037,000	$	8,200,000	$	18,427,000	$	14,464,000
Weighted average common shares outstanding	13,956,674		12,491,757		13,317,395		12,483,788
Basic earnings per common share	$	0.72	$	0.66	$	1.38	$	1.16
Diluted Net Income per Common Share
Available to Common Stockholders:
Net income applicable to diluted earnings per share	10,037,000		8,200,000		$	18,427,000	$	14,464,000
Weighted average common shares outstanding	13,956,674		12,491,757		13,317,395		12,483,788
Dilutive potential common shares:
Assumed conversion of stock options	4,124		836		4,053		836
Restricted stock awarded	13,250		7,338		13,250		7,338
Assumed conversion of preferred stock	—		—		—		—
Dilutive potential common shares	17,374		8,174		17,303		8,174
Diluted weighted average common shares outstanding	13,974,048		12,499,931		13,334,698		12,491,962
Diluted earnings per common share	$	0.72	$	0.66	$	1.38	$	1.16

Anti-dilutive Securities

There were no shares not considered in computing diluted earnings per share for the three and six-month periods ended June 30, 2018 and 2017 because they were anti-dilutive.