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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share  
Schedule of Earnings Per Share

The earnings per share, both basic and diluted, are included below as of December 31 (in thousands except for share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

    

2017

    

2016

  

2015

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

 

29,600,702

 

 

29,532,510

 

 

29,476,821

Net income

 

 

$

15,138

 

$

15,684

 

$

15,385

Preferred stock dividends and accretion

 

 

 

 -

 

 

 -

 

 

1,873

Net income available to common stockholders

 

 

$

15,138

 

$

15,684

 

$

13,512

Basic earnings per share

 

 

$

0.51

 

$

0.53

 

$

0.46

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

 

29,600,702

 

 

29,532,510

 

 

29,476,821

Dilutive effect of unvested restricted awards1

 

 

 

435,142

 

 

305,678

 

 

253,253

Dilutive effect of stock options

 

 

 

2,573

 

 

743

 

 

 -

Diluted average common shares outstanding

 

 

 

30,038,417

 

 

29,838,931

 

 

29,730,074

Net Income

 

 

$

15,138

 

$

15,684

 

$

13,512

Diluted earnings per share

 

 

$

0.50

 

$

0.53

 

$

0.46

 

 

 

 

 

 

 

 

 

 

 

Number of antidilutive options and warrants excluded from the diluted earnings per share calculation

 

 

 

815,339

 

 

900,839

 

 

977,839

 

 

 

 

 

 

 

 

 

 

 

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