XML 30 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2017

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-month period ended March 31, 2017 and 2016 were as follows:

	Three months ended March 31,
	2017				2016
Basic Net Income per Common Share
Available to Common Stockholders:
Net income	$	6,264,000			$	4,806,000
Preferred stock dividends	—				(550,000		)
Net income available to common stockholders	$	6,264,000			$	4,256,000
Weighted average common shares outstanding	12,475,728				8,455,507
Basic earnings per common share	$	0.50			$	0.50
Diluted Net Income per Common Share
Available to Common Stockholders:
Net income available to common stockholders	$	6,264,000			$	4,256,000
Effect of assumed preferred stock conversion	—				550,000
Net income applicable to diluted earnings per share	$	6,264,000			$	4,806,000
Weighted average common shares outstanding	12,475,728				8,455,507
Dilutive potential common shares:
Assumed conversion of stock options	9,179				178
Restricted stock awarded	836				5,232
Assumed conversion of preferred stock	—				1,355,348
Dilutive potential common shares	10,015				1,360,758
Diluted weighted average common shares outstanding	12,485,743				9,816,265
Diluted earnings per common share	$	0.50			$	0.49

Anti-dilutive Securities

The following shares were not considered in computing diluted earnings per share for the three-month periods ended March 31, 2017 and 2016 because they were anti-dilutive:

	Three months ended March 31,
	2017			2016
Stock options to purchase shares of common stock	—			24,500

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration