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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Summary of earnings per share

 
Three Months Ended 
September 30,
 
($ and outstanding shares in thousands - except per share data) 2018  2017 
       
Distributed earnings allocated to common shares $524  $340 
Undistributed earnings allocated to common shares  2,346   2,136 
         
Net earnings allocated to common shares  2,870   2,476 
Net earnings allocated to participating securities  4   3 
Dividends on convertible preferred shares  244   244 
         
Net Income allocated to common shares and participating securities $3,118  $2,723 
         
Weighted average shares outstanding for basic earnings per share  6,503   4,797 
Dilutive effect of stock compensation  58   70 
Dilutive effect of convertible shares  1,461   1,459 
         
Weighted average shares outstanding for diluted earnings per share  8,022   6,326 
         
Basic earnings per common share $0.45  $0.52 
         
Diluted earnings per common share $0.39  $0.43 

 

  Nine Months Ended
September 30,
 
($ and outstanding shares in thousands - except per share data) 2018  2017 
       
Distributed earnings allocated to common shares $1,532  $999 
Undistributed earnings allocated to common shares  6,404   5,294 
         
Net earnings allocated to common shares  7,936   6,293 
Net earnings allocated to participating securities  11   9 
Dividends on convertible preferred shares  732   731 
         
Net Income allocated to common shares and participating securities $8,679  $7,033 
         
Weighted average shares outstanding for basic earnings per share  6,106   4,825 
Dilutive effect of stock compensation  63   73 
Dilutive effect of convertible shares  1,457   1,458 
         
Weighted average shares outstanding for diluted earnings per share  7,626   6,356 
         
Basic earnings per common share $1.30  $1.31 
         
Diluted earnings per common share $1.14  $1.11