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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Factors Used in Computation of Earnings Per Share

The factors used in the earnings per share computation follow:

 

 

Years Ended December 31,

 

(Dollars in thousands)

 

2018

 

 

2017

 

 

2016

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Net income to common stockholders

 

$

51,130

 

 

$

35,446

 

 

$

19,813

 

Weighted average common shares outstanding

 

 

24,791,448

 

 

 

19,133,745

 

 

 

17,856,828

 

Basic earnings per common share

 

$

2.06

 

 

$

1.85

 

 

$

1.11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net income to common stockholders

 

$

51,130

 

 

$

35,446

 

 

$

19,813

 

Dilutive effect of preferred stock

 

 

578

 

 

 

774

 

 

 

 

Net income to common stockholders - diluted

 

$

51,708

 

 

$

36,220

 

 

$

19,813

 

Weighted average common shares outstanding

 

 

24,791,448

 

 

 

19,133,745

 

 

 

17,856,828

 

Dilutive effects of:

 

 

 

 

 

 

 

 

 

 

 

 

Assumed conversion of Preferred A

 

 

258,674

 

 

 

315,773

 

 

 

 

Assumed conversion of Preferred B

 

 

290,375

 

 

 

354,471

 

 

 

 

Assumed exercises of stock warrants

 

 

 

 

 

82,567

 

 

 

83,010

 

Assumed exercises of stock options

 

 

84,126

 

 

 

45,653

 

 

 

3,128

 

Restricted stock awards

 

 

52,851

 

 

 

68,079

 

 

 

110,565

 

Restricted stock units

 

 

3,039

 

 

 

 

 

 

 

Performance stock units

 

 

 

 

 

 

 

 

 

Average shares and dilutive potential common shares

 

 

25,480,513

 

 

 

20,000,288

 

 

 

18,053,531

 

Diluted earnings per common share

 

$

2.03

 

 

$

1.81

 

 

$

1.10

 

 

Schedule of Shares not Considered in Computing Diluted Earnings per Common Share

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

 

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Assumed conversion of Preferred A

 

 

 

 

 

 

 

 

315,773

 

Assumed conversion of Preferred B

 

 

 

 

 

 

 

 

360,578

 

Stock options

 

 

51,952

 

 

 

57,926

 

 

 

 

Restricted stock awards

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

 

 

 

 

 

 

 

Performance stock units

 

 

59,658