XML 37 R26.htm IDEA: XBRL DOCUMENT

Earnings Per Share ("EPS")

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share ("EPS")

NOTE 19 - EARNINGS PER SHARE ("EPS")

The following is a reconciliation of net income and shares outstanding to the income and number of shares used to compute EPS:

		Nine Months Ended
		September 30
		2017								2016
(dollars in thousands except per share amounts)		Income				Shares				Income				Shares
Net income as reported		$	20,640							$	13,693
Shares outstanding							15,790,611								12,827,803
Impact of weighting shares							(2,309,152	)							(35,927	)
Used in basic EPS			20,640				13,481,459				13,693				12,791,876
Dilutive effect of outstanding
Stock options							1,077,584								896,122
Used in dilutive EPS		$	20,640				14,559,043			$	13,693				13,687,998

Basic earnings per common share		$	1.53							$	1.07
Diluted earnings per common share		$	1.42							$	1.00

		Three Months Ended
		September 30
		2017								2016
(dollars in thousands except per share amounts)		Income				Shares				Income				Shares
Net income as reported		$	6,611							$	5,697
Shares outstanding							15,790,611								12,827,803
Impact of weighting shares							(1,023,154	)							-
Used in basic EPS			6,611				14,767,457				5,697				12,827,803
Dilutive effect of outstanding
Stock options							1,084,472								889,429
Used in dilutive EPS		$	6,611				15,851,929			$	5,697				13,717,232

Basic earnings per common share		$	0.45							$	0.44
Diluted earnings per common share		$	0.42							$	0.42