EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2015

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 23 — EARNINGS PER COMMON SHARE

Earnings per common share were computed as follows:

			Weighted	Per
	Net		Average	Share
Year Ended December 31, 2015	Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	35,542	21,637,775	$	1.64
Effect of dilutive warrants			163,011
Effect of dilutive stock options			108,584
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	35,542	21,909,370	$	1.62

			Weighted	Per
	Net		Average	Share
Year Ended December 31, 2014	Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	28,996	20,706,688	$	1.40
Effect of dilutive warrants			76,828
Effect of dilutive stock options			70,552
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	28,996	20,854,068	$	1.39

			Weighted	Per
	Net		Average	Share
Year Ended December 31, 2013	Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	26,345
Preferred dividends and discount accretion		(504)
Redemption of preferred shares		(148)
		25,693	20,375,365	$	1.26
Effect of dilutive stock options			57,487
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	25,693	20,432,852	$	1.26

Stock options for 452,  125,530, and 281,589 shares of common stock were not considered in computing diluted earnings per common share for 2015, 2014 and 2013 because they were antidilutive. Stock warrants for 571,906 shares of common stock were not considered in computing earnings per share in 2013 because they were antidilutive.