Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE

v3.6.0.2
EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2016
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 13 - EARNINGS PER COMMON SHARE

A reconciliation of the numerators and denominators of basic and diluted earnings per common share are as follows (dollars in thousands, except per share data):
 
   
2016
    
2015
    
2014
  
Net income available to common shares
  
$
15,951
    
$
12,794
    
$
10,473
  
                         
Weighted average shares outstanding, including participating stock awards - Basic
    
33,922,548
      
33,872,814
      
33,803,030
  
                         
Dilutive potential common shares:
                        
Stock options
    
---
      
---
      
---
  
Stock warrants
    
---
      
---
      
---
  
Weighted average shares outstanding - Diluted
    
33,922,548
      
33,872,814
      
33,803,030
  
Basic earnings per common share
  
$
0.47
    
$
0.38
    
$
0.31
  
Diluted earnings per common share
  
$
0.47
    
$
0.38
    
$
0.31
  

Stock options for 53,000, 102,299 and 260,261 shares of common stock were not considered in computing diluted earnings per share for 2016, 2015 and 2014, respectively, because they were antidilutive.