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Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Summary of Computation of Basic and Diluted Earnings Per Share

The following table shows computation of basic and diluted earnings per share.

 

    Three Months Ended     Nine Months Ended  
    September 30     September 30  
    2017     2016     2017     2016  
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  

Basic earnings per share

       

Net income

  $ 8,171     $ 6,602     $ 25,467     $ 18,309  

Less: Preferred stock dividends

    —         —         —         42  
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income available to common shareholders

  $ 8,171     $ 6,602     $ 25,467     $ 18,267  

Weighted average common shares outstanding(1)

    22,580,160       21,538,752       22,326,454       19,252,295  

Basic earnings per share

  $ 0.36     $ 0.31     $ 1.14     $ 0.95  
 

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per share

       

Net income available to common shareholders

  $ 8,171     $ 6,602     $ 25,467     $ 18,267  

Weighted average common shares outstanding(1)

    22,580,160       21,538,752       22,326,454       19,252,295  

Effect of dilutive securities:

       

Restricted stock

    36,749       33,650       33,791       27,590  

Stock options

    98,364       79,551       95,553       66,491  
 

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding

    22,715,273       21,651,953       22,455,798       19,346,376  

Diluted earnings per share

  $ 0.36     $ 0.30     $ 1.13     $ 0.94  
 

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Adjusted for 3:2 stock split on November 14, 2016