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Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under the Company’s equity incentive plan, computed using the treasury stock method, and the impact of the Company’s convertible preferred shares using the “if converted” method.

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

Basic

 

 

 

 

 

 

 

 

Net income

 

$

9,669

 

 

$

6,989

 

Preferred stock dividends

 

 

164

 

 

 

303

 

Net income available to common shareholders—basic

 

$

9,505

 

 

$

6,686

 

Weighted average common shares outstanding—basic

 

 

15,607,655

 

 

 

10,213,264

 

Basic earnings per common share

 

$

0.61

 

 

$

0.65

 

Diluted

 

 

 

 

 

 

 

 

Net income available to common shareholders—basic

 

$

9,505

 

 

$

6,686

 

Preferred stock dividends

 

 

164

 

 

 

303

 

Net income available to common shareholders—diluted

 

$

9,669

 

 

$

6,989

 

Weighted average common shares outstanding for basic

   earnings per common share

 

 

15,607,655

 

 

 

10,213,264

 

Add: Dilutive effects of convertible preferred shares

 

 

1,294,175

 

 

 

2,384,130

 

Average shares and dilutive potential common shares

   outstanding—diluted

 

 

16,901,830

 

 

 

12,597,394

 

Diluted earnings per common share

 

$

0.57

 

 

$

0.55