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Note 12 - Stockholders' Equity and Earnings Per Share | 12 Months Ended
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Dec. 31, 2017
Notes to Financial Statements |
Earnings Per Share [Text Block] | 1 2 . Stockholders’ Equity and Earnings per Share As a bank holding company, the Bancorp’s ability to pay dividends will depend upon the dividends it receives from the Bank and on the income it may generate from any other activities in which it may engage, either directly or through other subsidiaries. Under California banking law, the Bank may not, without regulatory approval, pay a cas h dividend that exceeds the lesser of the Bank’s retained earnings or its net income for the last three fiscal years, less any cash distributions made during that period. Under this regulation, the amount of retained earnings available for cash dividends to the Company immediately after December 31, 2017, is restricted to approximately $39.3 million. Activity in accumulated other comprehensive income, net of tax, and reclassification out of accumulated other comprehensive income for the years ended December 31, 2017 , and 2016 was as follows:
|  | 201 7 |  |  | 201 6 |
|  | Pre-ta x |  |  | Tax expense/ (Benefit ) |  |  | Net-of-ta x |  |  | Pre-ta x |  |  | Tax expense/ (Benefit ) |  |  | Net-of-ta x |
Beginning balance, loss, net of ta x |  | (In thousands ) |
Securities available-for-sal e |  |  |  |  |  |  |  |  |  | $ | (1,545 | ) |  |  |  |  |  |  |  |  |  | $ | (5,431 | )
Cash flow hedge derivative s |  |  |  |  |  |  |  |  |  |  | (2,170 | ) |  |  |  |  |  |  |  |  |  |  | (2,995 | )
Tota l |  |  |  |  |  |  |  |  |  | $ | (3,715 | ) |  |  |  |  |  |  |  |  |  | $ | (8,426 | )
Net unrealized gains arising during the perio d |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sal e |  | $ | 1,843 |  |  | $ | 775 |  |  | $ | 1,068 |  |  | $ | 11,603 |  |  | $ | 4,878 |  |  | $ | 6,725 |
Cash flow hedge derivative s |  |  | 1,241 |  |  |  | 522 |  |  |  | 719 |  |  |  | 1,423 |  |  |  | 598 |  |  |  | 825 |
Tota l |  |  | 3,084 |  |  |  | 1,297 |  |  |  | 1,787 |  |  |  | 13,026 |  |  |  | 5,476 |  |  |  | 7,550 |
Reclassification adjustment for net gains included in net incom e |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sal e |  |  | (1,006 | ) |  |  | (423 | ) |  |  | (583 | ) |  |  | (4,898 | ) |  |  | (2,059 | ) |  |  | (2,839 | )
Cash flow hedge derivative s |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Tota l |  |  | (1,006 | ) |  |  | (423 | ) |  |  | (583 | ) |  |  | (4,898 | ) |  |  | (2,059 | ) |  |  | (2,839 | )
Total other comprehensive incom e |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sal e |  |  | 837 |  |  |  | 352 |  |  |  | 485 |  |  |  | 6,705 |  |  |  | 2,819 |  |  |  | 3,886 |
Cash flow hedge derivative s |  |  | 1,241 |  |  |  | 522 |  |  |  | 719 |  |  |  | 1,423 |  |  |  | 598 |  |  |  | 825 |
Tota l |  | $ | 2,078 |  |  | $ | 874 |  |  | $ | 1,204 |  |  | $ | 8,128 |  |  | $ | 3,417 |  |  | $ | 4,711 |
Ending balance, loss, net of ta x |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for sal e |  |  |  |  |  |  |  |  |  | $ | (1,060 | ) |  |  |  |  |  |  |  |  |  | $ | (1,545 | )
Cash flow hedge derivative s |  |  |  |  |  |  |  |  |  |  | (1,451 | ) |  |  |  |  |  |  |  |  |  |  | (2,170 | )
Tota l |  |  |  |  |  |  |  |  |  | $ | (2,511 | ) |  |  |  |  |  |  |  |  |  | $ | (3,715 | )
The Board of Directors of the Bancorp is authorized to issue preferred stock in one or more series and to fix the voting powers, designations, preferences or other rights of the shares of each such class or series and the qualifications, limitations, and restrictions thereon. Any preferred stock issued by the Bancorp may rank prior to the Bancorp common stock as to dividend rights, liquidation preferences, or both, may have full or limited voting rights, and may be convertible into shares of the Bancorp common stock. The following is the reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the years as indicated:
|  | 201 7 |  |  | 201 6 |  |  | 201 5 |
|  |  |  |  |  |  |  |  |  | Pe r |  |  |  |  |  |  |  |  |  |  | Pe r |  |  |  |  |  |  |  |  |  |  | Pe r |
|  | Incom e |  |  | Share s |  |  | Shar e |  |  | Incom e |  |  | Share s |  |  | Shar e |  |  | Incom e |  |  | Share s |  |  | Shar e |
|  | (Numerator ) |  |  | (Denominator ) |  |  | Amoun t |  |  | (Numerator ) |  |  | (Denominator ) |  |  | Amoun t |  |  | (Numerator ) |  |  | (Denominator ) |  |  | Amoun t |
|  | (In thousands, except shares and per share data ) |
Net incom e |  | $ | 176,042 |  |  |  |  |  |  |  |  |  |  | $ | 175,099 |  |  |  |  |  |  |  |  |  |  | $ | 161,109 |  |  |  |  |  |  |  |  |
Basic EPS, incom e |  | $ | 176,042 |  |  |  | 80,262,782 |  |  | $ | 2.19 |  |  | $ | 175,099 |  |  |  | 79,153,762 |  |  | $ | 2.21 |  |  | $ | 161,109 |  |  |  | 80,563,577 |  |  | $ | 2.00 |
Effect of dilutive stock option s |  |  |  |  |  |  | 741,768 |  |  |  |  |  |  |  |  |  |  |  | 775,500 |  |  |  |  |  |  |  |  |  |  |  | 731,219 |  |  |  |  |
Diluted EPS, incom e |  | $ | 176,042 |  |  |  | 81,004,550 |  |  | $ | 2.17 |  |  | $ | 175,099 |  |  |  | 79,929,262 |  |  | $ | 2.19 |  |  | $ | 161,109 |  |  |  | 81,294,796 |  |  | $ | 1.98 |
Options to purchase an additional 20,443 shares at December 31, 2017 , and 242,419 shares at December 31, 2016, were not included in the computation of diluted earnings per share because their inclusion would have had an anti-dilutive effect.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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