Earnings Per Share

9 Months Ended

Sep. 30, 2018

Earnings per share of common stock are based on the weighted-average number of basic shares and dilutive shares outstanding during the period.

The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings per share computations for the three and nine months ended September 30, 2018 and 2017.



	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Basic earnings per share
Net income	$	6,288	$	4,895	$	18,324	$	11,728
Weighted-average common shares	10,261,967		6,834,011		9,230,149		6,656,160
Basic earnings per common share	$	0.61	$	0.72	$	1.99	$	1.76
Diluted earnings per share
Net income	$	6,288	$	4,895	$	18,324	$	11,728
Weighted-average common shares	10,261,967		6,834,011		9,230,149		6,656,160
Dilutive effect of warrants	—				—		8,094
Dilutive effect of equity compensation	11,799		20,603		20,690		19,125
Weighted-average common and incremental shares	10,273,766		6,854,614		9,250,839		6,683,379
Diluted earnings per common share	$	0.61	$	0.71	$	1.98	$	1.75