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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2017
Earnings Per Share [Abstract] |
Basic and Diluted Earnings per Share (EPS) | The following table sets forth the computation of basic and diluted earnings per share (EPS) for the nine months ended September 30, 2017 and 2016:
| Income (Numerator) |  | Shares (Denominator) |  | Per-Share Amount
For the nine months ended September 30, 2017 |  |  |  |  |
Net income as reported | $ | 14,502,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 14,502,000 |  |  | 10,744,155 |  |  | $ | 1.35 |
Effect of dilutive securities: restricted stock |  |  | 71,923 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 14,502,000 |  |  | 10,816,078 |  |  | $ | 1.34 |
For the nine months ended September 30, 2016 |  |  |  |  |
Net income as reported | $ | 13,689,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 13,689,000 |  |  | 10,709,901 |  |  | $ | 1.28 |
Effect of dilutive securities: restricted stock and warrants |  |  | 110,492 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 13,689,000 |  |  | 10,820,393 |  |  | $ | 1.27 |
The following table sets forth the computation of basic and diluted EPS for the quarters ended September 30, 2017 and 2016:
| Income (Numerator) |  | Shares (Denominator) |  | Per-Share Amount
For the quarter ended September 30, 2017 |  |  |  |  |
Net income as reported | $ | 4,982,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 4,982,000 |  |  | 10,751,630 |  |  | $ | 0.46 |
Effect of dilutive securities: restricted stock |  |  | 71,086 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 4,982,000 |  |  | 10,822,716 |  |  | $ | 0.46 |
For the quarter ended September 30, 2016 |  |  |  |  |
Net income as reported | $ | 4,562,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 4,562,000 |  |  | 10,718,873 |  |  | $ | 0.43 |
Effect of dilutive securities: restricted stock and warrants |  |  | 125,495 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 4,562,000 |  |  | 10,844,368 |  |  | $ | 0.42 |
Number of Options and Warrants Outstanding and Amount Above or Below the Strike Price | The following table presents the number of warrants outstanding as of September 30, 2016 and the amount for which the average market price at period end is above or below the strike price:
| Outstanding | In-the-Money | Out-of-the-Money
For the three and nine months ended September 30, 2016 |  |  |
Warrants issued to private parties | 226,819 |  | 226,819 |  | — |
Total | 226,819 |  | 226,819 |  | — |

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- Definition Tabular disclosure of options and warrants issued and outstanding. Disclose the title of issue of securities called for by options and warrants outstanding, the aggregate amount of securities called for by options and warrants outstanding, and the amount above or below the strike price. + References No definition available. + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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