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Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of compliance with regulatory capital requirements

The following table presents the Company’s and the Bank’s actual capital ratios as of December 31, 2019 and December 31, 2018, as well as the minimum capital ratios for capital adequacy for the Bank.

(Dollars in thousands)		Actual Ratio							Minimum regulatory requirement (1)
December 31, 2019		Amount				Ratio			Amount		Ratio
Tier 1 Leverage Ratio		$	172,945			11.38	%		N/A		N/A
Common Equity Tier 1 Ratio (CET 1)		$	167,945			14.55	%		N/A		N/A
Tier 1 Risk-Based Capital Ratio		$	172,945			14.98	%		N/A		N/A
Total Risk-Based Capital Ratio		$	182,325			15.79	%		N/A		N/A
December 31, 2018
Tier 1 Leverage Ratio		$	171,149			11.48	%		N/A		N/A
Common Equity Tier 1 Ratio (CET 1)		$	166,149			15.13	%		N/A		N/A
Tier 1 Risk-Based Capital Ratio		$	171,149			15.59	%		N/A		N/A
Total Risk-Based Capital Ratio		$	180,478			16.44	%		N/A		N/A
(1) Effective August 30, 2018 the minimum regulatory requirements were eliminated for bank holding companies with less than $3 billion of assets

The following table presents the Bank’s regulatory capital ratios as of December 31, 2019 and December 31, 2018.

(Dollars in thousands)		Actual Ratio							Minimum regulatory requirement (1)
December 31, 2019		Amount				Ratio			Amount				Ratio
Tier 1 Leverage Ratio		$	171,332			11.27	%		$	60,810			4.00	%
Common Equity Tier 1 Ratio (CET 1)		$	171,332			14.85	%		$	51,930			7.00	%
Tier 1 Risk-Based Capital Ratio		$	171,332			14.85	%		$	69,240			8.50	%
Total Risk-Based Capital Ratio		$	180,712			15.66	%		$	92,320			10.50	%
December 31, 2018
Tier 1 Leverage Ratio		$	168,770			11.32	%		$	59,639			4.00	%
Common Equity Tier 1 Ratio (CET 1)		$	168,770			15.38	%		$	49,388			6.38	%
Tier 1 Risk-Based Capital Ratio		$	168,770			15.38	%		$	65,850			7.88	%
Total Risk-Based Capital Ratio		$	178,099			16.23	%		$	87,800			9.88	%
(1) The 2019 and 2018 minimum regulatory requirement threshold includes the capital conservation buffer of 2.50% and 1.250%, respectively.

Schedule of computation of basic and diluted earnings per common share

A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations is as follows (in thousands, except share and per-share amounts):

		For the Years Ended December 31,
		2019				2018				2017
Basic Earnings Per Common Share:
Net income		$	21,443			$	21,289			$	14,026
Weighted average shares outstanding		13,415,118				13,699,823				12,472,095
Net income per common share		$	1.60			$	1.55			$	1.12
Diluted Earnings Per Common Share:
Net income		$	21,443			$	21,289			$	14,026
Weighted average shares outstanding		13,415,118				13,699,823				12,472,095
Effect of dilutive stock options and warrants		98,489				125,185				250,255
Weighted average shares of common stock and common stock equivalents		13,513,607				13,825,008				12,722,350
Net income per diluted common share		$	1.59			$	1.54			$	1.10

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Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1G
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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
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