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Earnings per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2015
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings per Common Share | Basic earnings per share are computed as net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under the equity incentive plan, computed using the treasury stock method, and the impact of the Company’s convertible preferred stock using the “if converted” method.
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 3,253 |  |  | $ | 2,306 |  |  | $ | 9,546 |  |  | $ | 7,257 |
Preferred stock dividends |  |  | 391 |  |  |  | 406 |  |  |  | 1,186 |  |  |  | 1,467 |
Net income available to common shareholders - basic |  | $ | 2,862 |  |  | $ | 1,900 |  |  | $ | 8,360 |  |  | $ | 5,790 |
Weighted average common shares outstanding - basic |  |  | 7,843,578 |  |  |  | 7,707,917 |  |  |  | 7,815,222 |  |  |  | 7,707,917 |
Basic earnings per common share |  | $ | 0.36 |  |  | $ | 0.25 |  |  | $ | 1.07 |  |  | $ | 0.75 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders - basic |  | $ | 2,862 |  |  | $ | 1,900 |  |  | $ | 8,360 |  |  | $ | 5,790 |
Preferred stock dividends on convertible preferred stock |  |  | 391 |  |  |  | 406 |  |  |  | 1,186 |  |  |  | 1,201 |
Net income available to common shareholders - diluted |  | $ | 3,253 |  |  | $ | 2,306 |  |  | $ | 9,546 |  |  | $ | 6,991 |
Weighted average common shares outstanding for basic earnings per common share basic |  |  | 7,843,578 |  |  |  | 7,707,917 |  |  |  | 7,815,222 |  |  |  | 7,707,917 |
Add: Dilutive effects of convertible preferred shares |  |  | 3,078,245 |  |  |  | 3,196,931 |  |  |  | 3,101,937 |  |  |  | 3,196,931 |
Average shares and dilutive potential common shares outstanding - diluted |  |  | 10,921,823 |  |  |  | 10,904,848 |  |  |  | 10,917,159 |  |  |  | 10,904,848 |
Diluted earnings per common share |  | $ | 0.30 |  |  | $ | 0.21 |  |  | $ | 0.87 |  |  | $ | 0.64 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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