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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Factors Used in Computation of Earnings Per Share

The factors used in the earnings per share computation follow:

		Three Months Ended March 31,
(Dollars in thousands, except per share amounts)		2016				2015
Basic
Net income to common stockholders		$	4,812			$	13,852
Weighted average common shares outstanding			17,816,930				17,711,527
Basic earnings per common share		$	0.27			$	0.78
Diluted
Net income to common stockholders		$	4,812			$	13,852
Dilutive effect of preferred stock			—				192
Net income to common stockholders - diluted		$	4,812			$	14,044
Weighted average common shares outstanding			17,816,930				17,711,527
Add: Dilutive effects of restricted stock			113,788				11,962
Add: Dilutive effects of assumed exercises of stock warrants			50,558				28,823
Add: Dilutive effects of assumed conversion of Preferred A			—				315,773
Add: Dilutive effects of assumed conversion of Preferred B			—				360,578
Average shares and dilutive potential common shares			17,981,276				18,428,663
Dilutive earnings per common share		$	0.27			$	0.76

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

		Three Months Ended March 31,
		2016				2015
Shares assumed to be converted from Preferred Stock Series A			315,773				—
Shares assumed to be converted from Preferred Stock Series B			360,578				—