Note 11 - Earnings Per Share

6 Months Ended

Jun. 30, 2018

Note

11.

Earnings per

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,
	2018		2017		2018		2017
(Amounts in thousands, except share and per share data)
Net income	$	9,066	$	6,418	$	17,934	$	12,620

Weighted average common shares outstanding, basic		16,689,398		17,012,189		16,821,842		17,005,196
Dilutive effect of potential common shares
Stock options		69,914		47,591		62,384		50,356
Restricted stock		29,303		23,052		28,646		20,409
Total dilutive effect of potential common shares		99,217		70,643		91,030		70,765
Weighted average common shares outstanding, diluted		16,788,615		17,082,832		16,912,872		17,075,961

Basic earnings per common share	$	0.54	$	0.38	$	1.06	$	0.74
Diluted earnings per common share		0.54		0.38		1.06		0.74

Antidilutive potential common shares
Stock options		-		71,592		-		59,473
Restricted stock		1,793		5,276		867		3,565
Total potential antidilutive shares		1,793		76,868		867		63,038