Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2016

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


	Year Ended December 31,
(Amounts in thousands, except share and per share data)	2016		2015		2014
Net income	$	25,126	$	24,540	$	25,490
Dividends on preferred stock		—		105		910

Net income available to common shareholders	$	25,126	$	24,435	$	24,580

Weighted average common shares outstanding, basic		17,319,689		18,531,039		18,406,363
Dilutive effect of potential common shares
Stock options		34,530		26,487		18,607
Restricted stock		11,305		2,996		461
Convertible preferred stock		—		166,942		1,046,175
Contingently issuable shares		—		—		11,448

Total dilutive effect of potential common shares		45,835		196,425		1,076,691

Weighted average common shares outstanding, diluted		17,365,524		18,727,464		19,483,054

Basic earnings per common share	$	1.45	$	1.32	$	1.34
Diluted earnings per common share		1.45		1.31		1.31
Antidilutive potential common shares
Stock options		107,592		127,882		222,651
Restricted stock		3,279		—		—

Total potential antidilutive shares		110,871		127,882		222,651