Earnings Per Share

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding and dilutive common share equivalents using the treasury stock method. Dilutive common share equivalents include common shares issuable upon exercise of outstanding stock options and restricted stock. The effect from the stock options and restricted stock on incremental shares from the assumed conversions for net income per share-basic and net income per share-diluted are presented below. There were antidilutive shares of 13,166 for the year ended December 31, 2017. There were no antidulutive shares at December 31, 2018.



(Dollars in thousands, except share amounts)	2018		2017
Basic earnings per share computation:
Net income available to common stockholders	$	18,102	$	4,820
Average common shares outstanding – basic	12,423,618		8,639,212
Basic earnings per share	$	1.46	$	0.56
Diluted earnings per share computation:
Net income available to common stockholders	$	18,102	$	4,820
Average common shares outstanding – basic	12,423,618		8,639,212
Incremental shares from assumed conversions:
Stock options and restricted stock	94,022		154,315
Average common shares outstanding - diluted	12,517,640		8,793,527
Diluted earnings per share	$	1.45	$	0.55