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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share

Schedule of Earnings Per Share


		Three Months Ended September 30,						Nine Months Ended September 30,
		2015			2014			2015			2014
Basic earnings per share:
Weighted-average common shares outstanding			29,478,429			29,442,508			29,474,833			23,905,205
Weighted-average common shares less stock based awards			29,478,429			29,442,508			29,474,833			23,902,403
Weighted-average common shares stock based awards			-			325,000			-			225,232
Net income		$	3,924		$	2,924		$	11,552		$	7,147
Gain on preferred stock redemption			-			-			-			(1,348)
Preferred stock dividends and accretion, net of dividends waived			339			1,065			1,873			(1,448)
Net earnings available to common stockholders			3,585			1,859			9,679			9,943
Basic earnings per share common undistributed earnings			N/A			0.06			N/A			0.41
Basic earnings per share			0.12			0.06			0.33			0.41
Diluted earnings per share:
Weighted-average common shares outstanding			29,478,429			29,442,508			29,474,833			23,905,205
Dilutive effect of nonvested restricted awards1			268,000			325,000			249,401			222,430
Diluted average common shares outstanding			29,746,429			29,767,508			29,724,234			24,127,635
Net earnings available to common stockholders		$	3,585		$	1,859		$	9,679		$	9,943
Diluted earnings per share		$	0.12		$	0.06		$	0.33		$	0.41

Number of antidilutive options and warrants excluded from the diluted earnings per share calculation			1,044,339			1,140,839			1,044,339			1,140,839

1 Includes the common stock equivalents for restricted share rights that are dilutive.