Note 13 - Earnings Per Share

6 Months Ended

Jun. 30, 2017

Note

13.

Earnings per Share

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
(Amounts in thousands, except share and per share data)
Net income	$	6,418	$	6,255	$	12,620	$	12,339
Dividends on preferred stock		-		-		-		-
Net income available to common shareholders	$	6,418	$	6,255	$	12,620	$	12,339

Weighted average common shares outstanding, basic		17,012,189		17,414,320		17,005,196		17,636,783
Dilutive effect of potential common shares
Stock options		47,591		32,365		50,356		29,605
Restricted stock		23,052		16,160		20,409		8,740
Total dilutive effect of potential common shares		70,643		48,525		70,765		38,345
Weighted average common shares outstanding, diluted		17,082,832		17,462,845		17,075,961		17,675,128

Basic earnings per common share	$	0.38	$	0.36	$	0.74	$	0.70
Diluted earnings per common share		0.38		0.36		0.74		0.70

Antidilutive potential common shares
Stock options		71,592		130,165		59,473		147,713
Restricted stock		5,276		-		3,565		-
Total potential antidilutive shares		76,868		130,165		63,038		147,713