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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2016
Earnings Per Share [Abstract] |
Components of Basic and Diluted Net Income per Common Share | The components of basic and diluted net income per common share available to common stockholders for the three and nine-month period ended September 30, 2016 and 2015 were as follows:
| Three months ended September 30, |  | Nine months ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Basic Net Income per Common Share |  |  |  |  |  |  |
Available to Common Stockholders: |  |  |  |  |  |  |
Net income | $ | 5,308,000 |  |  | $ | 3,663,000 |  |  | $ | 15,043,000 |  |  | $ | 11,858,000 |
Preferred stock dividends | — |  |  | (550,000 | ) |  | (825,000 | ) |  | (1,650,000 | )
Net income available to common stockholders | $ | 5,308,000 |  |  | $ | 3,113,000 |  |  | $ | 14,218,000 |  |  | $ | 10,208,000 |
Weighted average common shares outstanding | 10,497,072 |  | 8,421,397 |  | 9,372,547 |  | 7,553,468
Basic earnings per common share | $ | 0.51 |  |  | $ | 0.37 |  |  | $ | 1.52 |  |  | $ | 1.35 |
Diluted Net Income per Common Share |  |  |  |  |  |  |
Available to Common Stockholders: |  |  |  |  |  |  |
Net income available to common stockholders | $ | 5,308,000 |  |  | $ | 3,113,000 |  |  | $ | 14,218,000 |  |  | $ | 10,208,000 |
Effect of assumed preferred stock conversion | — |  |  | 550,000 |  |  | 825,000 |  |  | 1,650,000 |
Net income applicable to diluted earnings per share | $ | 5,308,000 |  |  | $ | 3,663,000 |  |  | $ | 15,043,000 |  |  | $ | 11,858,000 |
Weighted average common shares outstanding | 10,497,072 |  |  | 8,421,397 |  |  | 9,372,547 |  |  | 7,553,468 |
Dilutive potential common shares: |  |  |  |  |  |  |
Assumed conversion of stock options | 1,742 |  |  | — |  |  | 1,945 |  |  | — |
Restricted stock awarded | 5,232 |  |  | 7,788 |  |  | 5,232 |  |  | 7,788 |
Assumed conversion of preferred stock | — |  |  | 1,355,348 |  |  | 677,674 |  |  | 1,355,348 |
Dilutive potential common shares | 6,974 |  |  | 1,363,136 |  |  | 684,851 |  |  | 1,363,136 |
Diluted weighted average common shares outstanding | 10,504,046 |  |  | 9,784,533 |  |  | 10,057,398 |  |  | 8,916,604 |
Diluted earnings per common share | $ | 0.51 |  |  | $ | 0.37 |  |  | $ | 1.50 |  |  | $ | 1.33 |
Anti-dilutive Securities | The following shares were not considered in computing diluted earnings per share for the three and nine-month periods ended September 30, 2016 and 2015 because they were anti-dilutive:
| Three months ended September 30, |  | Nine months ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Stock options to purchase shares of common stock | 24,500 |  |  | 45,500 |  |  | 24,500 |  |  | 45,500 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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