Earnings Per Share

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The computations of basic and diluted earnings per share follow:

	For the Year Ended December 31,
	2016					2015					2014
			Common					Common						Common
Dollars in thousands,	Income		Shares	Per		Income		Shares	Per		Income			Shares	Per
except per share amounts	(Numerator)		(Denominator)	Share		(Numerator)		(Denominator)	Share		(Numerator)			(Denominator)	Share
Net income	$	17,297				$	16,102				$	11,356
Less preferred stock dividends	—					—					(771		)
Basic EPS	$	17,297	10,689,224	$	1.62	$	16,102	10,295,434	$	1.56	$	10,585		7,539,444	$	1.40
Effect of dilutive securities:
Stock options			11,612					8,353						9,381
Stock appreciation rights (SARs)			16,035					—						—
Series 2011 convertible preferred stock	—		—			—		285,610			476			1,489,735
Series 2009 convertible preferred stock	—		—			—		125,878			295			673,001
Diluted EPS	$	17,297	10,716,871	$	1.61	$	16,102	10,715,275	$	1.50	$	11,356		9,711,561	$	1.17

Stock option and SAR grants and the convertible preferred shares are disregarded in this computation if they are determined to be anti-dilutive.  Our anti-dilutive stock options at December 31, 2016, 2015 and 2014, totaled 23,400 shares, 57,000 shares and 128,900 shares, respectively, and our anti-dilutive SARs at December 31, 2015 were 166,717.