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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
At December 31, 2016, the future estimated amortization expense is as follows:
(in thousands)
2017

2018

2019

2020

2021

Thereafter

Total

Core deposit intangible amortization
$
472

$
413

$
388

$
365

$
343

$
599

$
2,580

Schedule of Earnings Per Share Reconciliation
The following table shows: 1) weighted average basic shares, 2) potentially dilutive weighted average common shares related to stock options, unvested restricted stock awards and stock warrant, and 3) weighted average diluted shares. Basic EPS are calculated by dividing net income by the weighted average number of common shares outstanding during each period, excluding unvested restricted stock awards. Diluted EPS are calculated using the weighted average number of potentially dilutive common shares. The number of potentially dilutive common shares included in quarterly diluted EPS is computed using the average market prices during the three months included in the reporting period under the treasury stock method. The number of potentially dilutive common shares included in year-to-date diluted EPS is a year-to-date weighted average of potentially dilutive common shares included in each quarterly diluted EPS computation. We have two forms of our outstanding common stock: common stock and unvested restricted stock awards. Holders of unvested restricted stock awards receive non-forfeitable dividends at the same rate as common shareholders and they both share equally in undistributed earnings. Under the two-class method, the difference in EPS is not significant for these participating securities.
(in thousands, except per share data)
2016

2015

2014

Weighted average basic shares outstanding
6,073

5,966

5,893

Potentially dilutive common shares related to:
 
 
 
Stock options
34

41

43

Unvested restricted stock awards
8

5

5

Warrant

53

65

Weighted average diluted shares outstanding
6,115

6,065

6,006

Net income
$
23,134

$
18,441

$
19,771

Basic EPS
$
3.81

$
3.09

$
3.35

Diluted EPS
$
3.78

$
3.04

$
3.29

Weighted average anti-dilutive shares not included in the calculation of diluted EPS
64

36

45