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Earnings per Common Share | 12 Months Ended
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Dec. 31, 2015
Earnings Per Share [Abstract] |
Earnings per Common Share | NOTE 22 – EARNINGS PER COMMON SHARE The factors used in the earnings per share computation follow.
|  | 2015 |  |  | 2014 |  |  | 2013 |
Basic |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 12,745 |  |  | $ | 9,528 |  |  | $ | 6,179 |
Preferred stock dividends |  |  | 1,577 |  |  |  | 1,873 |  |  |  | 1,159 |
Net income available to common shareholders - basic |  | $ | 11,168 |  |  | $ | 7,655 |  |  | $ | 5,020 |
Weighted average common shares outstanding - basic |  |  | 7,822,369 |  |  |  | 7,707,917 |  |  |  | 7,707,917 |
Basic earnings per share |  | $ | 1.43 |  |  | $ | 0.99 |  |  | $ | 0.65 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders - basic |  | $ | 11,168 |  |  | $ | 7,655 |  |  | $ | 5,020 |
Preferred stock dividends on convertible preferred stock |  |  | 1,577 |  |  |  | 1,606 |  |  |  | — |
Net income available to common shareholders - diluted |  | $ | 12,745 |  |  | $ | 9,261 |  |  | $ | 5,020 |
Weighted average common shares outstanding for earnings per common share basic |  |  | 7,822,369 |  |  |  | 7,707,917 |  |  |  | 7,707,917 |
Add: dilutive effects of convertible preferred shares |  |  | 3,095,966 |  |  |  | 3,196,931 |  |  |  | 113,863 |
Average shares and dilutive potential common shares outstanding - diluted |  |  | 10,918,335 |  |  |  | 10,904,848 |  |  |  | 7,821,780 |
Diluted earnings per share |  | $ | 1.17 |  |  | $ | 0.85 |  |  | $ | 0.64 |
Basic earnings per common share are calculated by dividing net income by the weighted-average number of common shares outstanding for 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 shares using the “if converted” method.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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