NOTE 14 – EARNINGS PER SHARE

The factors used in the earnings per share computation follow:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2018		2017		2018		2017
Basic
Net income to common stockholders	$	12,192	$	9,467	$	24,070	$	19,748
Weighted average common shares outstanding		25,519,108		18,012,905		23,133,489		17,984,184
Basic earnings per common share	$	0.48	$	0.53	$	1.04	$	1.10
Diluted
Net income to common stockholders	$	12,192	$	9,467	$	24,070	$	19,748
Dilutive effect of preferred stock		193		193		383		385
Net income to common stockholders - diluted	$	12,385	$	9,660	$	24,453	$	20,133
Weighted average common shares outstanding		25,519,108		18,012,905		23,133,489		17,984,184
Dilutive effects of:
Assumed conversion of Preferred A		315,773		315,773		315,773		315,773
Assumed conversion of Preferred B		354,471		354,471		354,471		354,471
Assumed exercises of stock warrants		—		129,896		—		137,896
Assumed exercises of stock options		86,821		32,592		85,123		40,233
Restricted stock awards		37,417		47,521		60,425		67,308
Restricted stock units		2,288		—		862		—
Performance stock units		—		—		—		—
Average shares and dilutive potential common shares		26,315,878		18,893,158		23,950,143		18,899,865
Diluted earnings per common share	$	0.47	$	0.51	$	1.02	$	1.07

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Shares assumed to be converted from Preferred Stock Series A		—		—		—		—
Shares assumed to be converted from Preferred Stock Series B		—		—		—		—
Stock options		51,952		58,442		51,952		58,442
Restricted stock awards		—		35,270		—		35,270
Restricted stock units		—		—		—		—
Performance stock units		59,658		—		59,658		—