XML 36 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of the numerators and denominators of the basic and diluted EPS computations is as follows:
Basic Earnings Per Share
 
For the Three Months
Ended September 30,
 
For the Nine Months
Ended September 30,
(In thousands, except share and per share amounts)
 
2017
 
2016
 
2017
 
2016
Net Income
 
$
4,494

 
$
3,114

 
$
13,691

 
$
12,575

Less: Preferred stock dividends and accretion
 
—

 
—

 
—

 
—

Net income available to common shareholders
 
$
4,494

 
$
3,114

 
$
13,691

 
$
12,575

Weighted average shares outstanding
 
12,208,313

 
10,984,141

 
12,183,363

 
10,969,633

Basic earnings per share
 
$
0.37

 
$
0.28

 
$
1.12

 
$
1.15

 
Diluted Earnings Per Share
 
For the Three Months
Ended September 30,
 
For the Nine Months
Ended September 30,
(In thousands, except share and per share amounts)
 
2017
 
2016
 
2017
 
2016
Net income available to common shareholders
 
$
4,494

 
$
3,114

 
$
13,691

 
$
12,575

Weighted average shares outstanding
 
12,208,313

 
10,984,141

 
12,183,363

 
10,969,633

Effect of dilutive stock options
 
116,941

 
108,533

 
132,487

 
98,412

Weighted average shares of common stock and common stock equivalents
 
12,325,254

 
11,092,674

 
12,315,850

 
11,068,045

Diluted earnings per share
 
$
0.36

 
$
0.28

 
$
1.11

 
$
1.14