Earnings Per Common Share ("EPS")

6 Months Ended

Jun. 30, 2018

(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 June 30,						Six months ended June 30,
	2018			2017			2018			2017
Net income available to common shareholders	$	11,804		$	5,880		$	20,727		$	13,458
Weighted average common shares outstanding:
Total shares issued		16,056			14,858			16,056			14,776
Unvested restricted stock awards		(4	)		(44	)		(12	)		(50	)
Treasury shares		(146	)		(150	)		(146	)		(154	)
Total basic weighted average common shares outstanding		15,906			14,664			15,898			14,572
Incremental shares from assumed:
Exercise of stock options		3			10			5			12
Vesting of restricted stock awards		39			28			42			31
Total diluted weighted average common shares outstanding		15,948			14,702			15,945			14,615
Basic earnings per common share	$	0.74		$	0.40		$	1.30		$	0.92
Diluted earnings per common share	$	0.74		$	0.40		$	1.30		$	0.92

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	7	—	6	3
Total	7	—	6	3