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Earnings Per Share | 12 Months Ended
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Dec. 31, 2016
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] | Basic net income per common share available to common stockholders is calculated as net income less preferred stock dividends divided by the weighted average number of common shares outstanding. Diluted net income per common share available to common stockholders is computed using the weighted average number of common shares outstanding, increased by the assumed conversion of the Company’s convertible preferred stock and the Company’s stock options and restricted stock awarded, unless anti-dilutive. The components of basic and diluted net income per common share available to common stockholders for the years ended December 31, 2016, 2015 and 2014 were as follows:
|  | 2016 |  | 2015 |  | 2014
Basic Net Income per Common Share |  |  |  |  |  |
Available to Common Stockholders: |  |  |  |  |  |
Net income |  | $ | 21,840,000 |  |  | $ | 16,512,000 |  |  | $ | 15,461,000 |
Preferred stock dividends |  | (825,000 | ) |  | (2,200,000 | ) |  | (4,152,000 | )
Net income available to common stockholders |  | 21,015,000 |  |  | 14,312,000 |  |  | 11,309,000 |
Weighted average common shares outstanding |  | 10,149,099 |  | 7,775,490 |  | 6,002,766
Basic earnings per common share |  | $ | 2.07 |  |  | $ | 1.84 |  |  | $ | 1.88 |
Diluted Net Income per Common Share |  |  |  |  |  |
Available to Common Stockholders: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 21,015,000 |  |  | $ | 14,312,000 |  |  | $ | 11,309,000 |
Effect of assumed preferred stock conversion |  | 825,000 |  |  | 2,200,000 |  |  | 4,152,000 |
Net income applicable to diluted earnings per share |  | 21,840,000 |  |  | 16,512,000 |  |  | 15,461,000 |
Weighted average common shares outstanding |  | 10,149,099 |  |  | 7,775,490 |  |  | 6,002,766 |
Dilutive potential common shares: |  |  |  |  |  |
Assumed conversion of stock options |  | 3,111 |  |  | — |  |  | — |
Restricted stock awarded |  | 4,107 |  |  | 6,851 |  |  | 11,725 |
Assumed conversion of preferred stock |  | 507,393 |  |  | 1,355,348 |  |  | 2,357,196 |
Dilutive potential common shares |  | 514,611 |  |  | 1,362,199 |  |  | 2,368,921 |
Diluted weighted average common shares outstanding |  | 10,663,710 |  |  | 9,137,689 |  |  | 8,371,687 |
Diluted earnings per common share |  | $ | 2.05 |  |  | $ | 1.81 |  |  | $ | 1.85 |
The following shares were not considered in computing diluted earnings per share for the years ended December 31, 2016, 2015 and 2014 because they were anti-dilutive:
|  | 2016 |  | 2015 |  | 2014
Stock options to purchase shares of common stock |  | — |  |  | 45,500 |  |  | 52,000 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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