Earning Per Share

12 Months Ended

Dec. 31, 2014

NOTE 21 – EARNINGS PER SHARE

The factors used in the earnings per share computation follow:

	Years Ended December 31,
(Dollars in thousands)	2014		2013		2012
Basic
Net income to common stockholders	$	16,949	$	11,839	$	10,081
Weighted average common shares outstanding		10,940,083		8,481,137		4,502,595
Basic earnings per common share	$	1.55	$	1.40	$	2.24

Diluted
Net income to common stockholders	$	16,949	$	11,839	$	10,081
Dilutive effect of preferred stock		780		167		—
Net income to common stockholders - diluted	$	17,729	$	12,006	$	10,081
Weighted average common shares outstanding		10,940,083		8,481,137		4,502,595
Add: Dilutive effects of restricted stock		15,366		5,117		—
Add: Dilutive effects of assumed exercises of stock warrants		40,980		—		—
Add: Dilutive effects of assumed conversion of Preferred A		315,773		66,930		—
Add: Dilutive effects of assumed conversion of Preferred B		360,578		76,427		—
Average shares and dilutive potential common shares		11,672,780		8,629,611		4,502,595
Dilutive earnings per common share	$	1.52	$	1.39	$	2.24

Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows:

	Years Ended December 31,
	2014		2013		2012
Restricted stock units		—		—	N/A
Warrants		—		259,067		259,067
Shares assumed to be converted from Preferred Stock Series A		—		—	N/A
Shares assumed to be converted from Preferred Stock Series B		—		—	N/A

The entire disclosure for earnings per share.