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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The computations of basic and diluted earnings per share follow:
 
 
For the Three Months Ended September 30,
 
 
2016
 
2015
Dollars in thousands,
except per share amounts
 
Income
(Numerator)
 
Common
Shares
(Denominator)
 
Per
Share
 
Income
(Numerator)
 
Common
Shares
(Denominator)
 
Per
Share
Net income
 
$
4,281

 
 
 
 
 
$
3,661

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS
 
$
4,281

 
10,692,423

 
$
0.40

 
$
3,661

 
10,703,526

 
$
0.34

 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 

 
 
 
 
 
 

Stock options
 
 
 
12,865

 
 

 
 
 
8,677

 
 

Stock appreciation rights
 
 
 
21,851

 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
$
4,281

 
10,727,139

 
$
0.40

 
$
3,661

 
10,712,203

 
$
0.34


 
 
For the Nine Months Ended September 30,
 
 
2016
 
2015
Dollars in thousands,
except per share amounts
 
Income
(Numerator)
 
Common
Shares
(Denominator)
 
Per
Share
 
Income
(Numerator)
 
Common
Shares
(Denominator)
 
Per
Share
Net income
 
$
12,586

 
 
 
 
 
$
11,956

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS
 
$
12,586

 
10,682,129

 
$
1.18

 
$
11,956

 
10,069,374

 
$
1.19

 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities:
 
 

 
 
 
 

 
 
 
 
 
 

Stock options
 
 
 
8,774

 
 

 
 
 
8,608

 
 

Stock appreciation rights
 
 
 
1,443

 
 
 
 
 

 
 
Series 2011 convertible
preferred stock
 

 

 
 

 

 
381,859

 
 

Series 2009 convertible
preferred stock
 

 

 
 

 

 
168,298

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
$
12,586

 
10,692,346

 
$
1.18

 
$
11,956

 
10,628,139

 
$
1.12