Earnings Per Common Share

3 Months Ended

Mar. 31, 2018

Earnings Per Common Share [Abstract]

(3.) EARNINGS PER COMMON SHARE ("EPS")

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts).


		Three months ended
		March 31,
		2018			2017
Net income available to common shareholders	$	8,923		$	7,578

Weighted average common shares outstanding:
Total shares issued		16,056			14,692
Unvested restricted stock awards		(19	)		(56	)
Treasury shares		(147	)		(157	)
Total basic weighted average common shares outstanding		15,890			14,479

Incremental shares from assumed:
Exercise of stock options		6			15
Vesting of restricted stock awards		45			34
Total diluted weighted average common shares outstanding		15,941			14,528

Basic earnings per common share	$	0.56		$	0.52
Diluted earnings per common share	$	0.56		$	0.52

For each of the periods presented, average shares subject to the following instruments were excluded from the computation of diluted


EPS because the effect would be antidilutive:
Stock options	-	-
Restricted stock awards	4	5
Total	4	5