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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Common Share

Earnings per common share were computed based on the following:

 

   

Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 

(in thousands, except per share data)

  2017     2016     2017     2016  

Numerator:

       

Net income available to common shareholders

  $ 4,090     $ 4,360     $ 13,582     $ 11,726  

Denominator:

       

Weighted average common shares outstanding

    7,007       6,872       6,972       6,824  

Effect of dilutive securities:

       

Restricted stock

    3       4       3       4  

Stock options

    271       248       266       260  
 

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding – assuming dilution

    7,281       7,124       7,241       7,088  
 

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share

  $ 0.58     $ 0.63     $ 1.95     $ 1.72  
 

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share

  $ 0.56     $ 0.61     $ 1.88     $ 1.65