XML 47 R37.htm IDEA: XBRL DOCUMENT v3.4.0.3
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2016
Calculation for Basic and Diluted Earnings per Common Share

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:

 

     Three Months Ended
March 31,
 
     2016      2015  
(Amounts in thousands, except share and per share data)              

Net income

   $ 6,084       $ 5,958   

Dividends on preferred stock

     —           105   
  

 

 

    

 

 

 

Net income available to common shareholders

   $ 6,084       $ 5,853   
  

 

 

    

 

 

 

Weighted average common shares outstanding, basic

     17,859,197         18,633,574   

Dilutive effect of potential common shares

     

Stock options

     27,159         21,159   

Restricted stock

     6,175         1,256   

Convertible preferred stock

     —           677,043   

Contingently issuable shares

     —           11,411   
  

 

 

    

 

 

 

Total dilutive effect of potential common shares

     33,334         710,869   
  

 

 

    

 

 

 

Weighted average common shares outstanding, diluted

     17,892,531         19,344,443   
  

 

 

    

 

 

 

Basic earnings per common share

   $ 0.34       $ 0.31   

Diluted earnings per common share

     0.34         0.31   

Antidilutive potential common shares

     

Stock options

     119,727         136,382   

Restricted stock

     28,617         —     
  

 

 

    

 

 

 

Total potential antidilutive shares

     148,344         136,382