EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2017

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

NOTE 23 — EARNINGS PER COMMON SHARE

Earnings per common share were computed as follows:

			Weighted	Per
	Net		Average	Share
Year Ended December 31, 2017	Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	49,438	25,111,112	$	1.97
Effect of dilutive warrants			325,615
Effect of dilutive stock options			77,911
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	49,438	25,514,638	$	1.94

			Weighted	Per
	Net		Average	Share
Year Ended December 31, 2016	Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	38,323	23,105,317	$	1.66
Effect of dilutive warrants			210,638
Effect of dilutive stock options			115,400
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	38,323	23,431,355	$	1.64

			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

All stock options were dilutive in 2017 and 2016 based on the Company’s stock price.  Stock options for 452  shares of common stock were not considered in computing diluted earnings per common share for 2015 because they were antidilutive.