Earnings Per Share

12 Months Ended

Dec. 31, 2017

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,
	2017					2016					2015
			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	$	11,915				$	17,297				$	16,102
Basic EPS	$	11,915	11,918,390	$	1.00	$	17,297	10,689,224	$	1.62	$	16,102	10,295,434	$	1.56
Effect of dilutive securities:
Stock options			11,338					11,612					8,353
Stock appreciation rights (SARs)			19,517					16,035					—
Series 2011 convertible preferred stock	—		—			—		—			—		285,610
Series 2009 convertible preferred stock	—		—			—		—			—		125,878
Diluted EPS	$	11,915	11,949,245	$	1.00	$	17,297	10,716,871	$	1.61	$	16,102	10,715,275	$	1.50

Stock option and SAR grants and the convertible preferred shares are disregarded in this computation if they are determined to be anti-dilutive.  All outstanding stock options and SARs were dilutive at December 31, 2017. Our anti-dilutive stock options at December 31, 2016 and 2015, totaled 23,400 shares and 57,000 shares, respectively, and our anti-dilutive SARs at December 31, 2015 were 166,717.