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Note 11 - Earnings Per Share

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

11.

Earnings per

Share

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

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2018				2017				2018				2017
(Amounts in thousands, except share and per share data)
Net income		$	9,100			$	7,652			$	27,034			$	20,272
Weighted average common shares outstanding, basic			16,512,823				17,005,654				16,717,704				17,005,350
Dilutive effect of potential common shares
Stock options			65,910				49,739				63,898				50,140
Restricted stock			33,683				27,336				28,823				21,468
Total dilutive effect of potential common shares			99,593				77,075				92,721				71,608
Weighted average common shares outstanding, diluted			16,612,416				17,082,729				16,810,425				17,076,958

Basic earnings per common share		$	0.55			$	0.45			$	1.62			$	1.19
Diluted earnings per common share			0.55				0.45				1.61				1.19

Antidilutive potential common shares
Stock options			-				71,592				-				71,592
Restricted stock			4,263				-				2,011				4,276
Total potential antidilutive shares			4,263				71,592				2,011				75,868