XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Earnings per Common Share | 6 Months Ended
--- | ---
Jun. 30, 2016
Earnings Per Share [Abstract] |
Earnings per Common Share | (9) Earnings per Common Share Basic earnings per common 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 June 30, |  |  | Six months ended June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 5,181 |  |  | $ | 3,122 |  |  | $ | 9,906 |  |  | $ | 6,292 |
Preferred stock dividends |  |  | 391 |  |  |  | 391 |  |  |  | 782 |  |  |  | 795 |
Net income available to common shareholders - basic |  | $ | 4,790 |  |  | $ | 2,731 |  |  | $ | 9,124 |  |  | $ | 5,497 |
Weighted average common shares outstanding - basic |  |  | 7,877,119 |  |  |  | 7,842,159 |  |  |  | 7,861,444 |  |  |  | 7,800,808 |
Basic earnings per common share |  | $ | 0.61 |  |  | $ | 0.35 |  |  | $ | 1.16 |  |  | $ | 0.70 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders - basic |  | $ | 4,790 |  |  | $ | 2,731 |  |  | $ | 9,124 |  |  | $ | 5,497 |
Preferred stock dividends |  |  | 391 |  |  |  | 391 |  |  |  | 782 |  |  |  | 795 |
Net income available to common shareholders - diluted |  | $ | 5,181 |  |  | $ | 3,122 |  |  | $ | 9,906 |  |  | $ | 6,292 |
Weighted average common shares outstanding for basic earnings per common share basic |  |  | 7,877,119 |  |  |  | 7,842,159 |  |  |  | 7,861,444 |  |  |  | 7,800,808 |
Add: Dilutive effects of convertible preferred shares |  |  | 3,074,402 |  |  |  | 3,079,665 |  |  |  | 3,076,323 |  |  |  | 3,113,980 |
Average shares and dilutive potential common shares outstanding - diluted |  |  | 10,951,521 |  |  |  | 10,921,824 |  |  |  | 10,937,767 |  |  |  | 10,914,788 |
Diluted earnings per common share |  | $ | 0.47 |  |  | $ | 0.29 |  |  | $ | 0.91 |  |  | $ | 0.58 |
For the three-month period ended June 30, 2016 there were 3,074,402 dilutive shares related to the Company’s convertible preferred stock. For the six-month period ended June 30, 2016 there were 3,076,324 dilutive shares related to the Company’s convertible preferred stock. For the three-month period ended June 30, 2015 there were 3,079,665 dilutive shares related to the Company’s convertible preferred stock. For the six-month period ended June 30, 2015 there were 3,113,980 dilutive shares related to the Company’s convertible preferred stock. Under the “if converted” method, all convertible preferred shares are assumed to be converted into common shares at the corresponding conversion rate. These additional shares are then added to the common shares outstanding to calculate diluted earnings per share.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=64863997&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=64863997&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=65016374&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=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration