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.