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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2017
EARNINGS PER SHARE  
Schedule of earnings per common share (EPS) computation

Earnings per common share (EPS) were computed as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

 

2016

 

 

 

Net

 

Average

 

Share

 

Net

 

Average

 

Share

 

Three Months Ended June 30,

    

Income

    

Shares

    

Amount

    

Income

    

Shares

    

Amount

 

Basic Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

9,654

 

25,142,999

 

$

0.38

 

$

6,117

 

22,723,781

 

$

0.27

 

Effect of dilutive warrants

 

 

 

 

315,265

 

 

 

 

 

 

 

179,602

 

 

 

 

Dilutive effect of stock compensation

 

 

 

 

74,769

 

 

 

 

 

 

 

104,409

 

 

 

 

Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders and assumed conversions

 

$

9,654

 

25,533,033

 

$

0.38

 

$

6,117

 

23,007,792

 

$

0.27

 

 

There were no antidilutive options in the three month periods ending June 30, 2017 or 2016.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

 

2016

 

 

 

Net

 

Average

 

Share

 

Net

 

Average

 

Share

 

Six Months Ended June 30,

  

Income

    

Shares

    

Amount

    

Income

    

Shares

    

Amount

 

Basic Earnings Per Common Share

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

21,727

 

24,631,354

 

$

0.88

 

$

14,883

 

22,165,535

 

$

0.67

 

Effect of dilutive warrants

 

 

 

 

315,886

 

 

 

 

 

 

 

171,132

 

 

 

 

Effect of dilutive stock options

 

 

 

 

84,625

 

 

 

 

 

 

 

104,475

 

 

 

 

Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders and assumed conversions

 

$

21,727

 

25,031,865

 

$

0.87

 

$

14,883

 

22,441,142

 

$

0.66