Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE (Tables)

v3.3.1.900
EARNINGS PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2015
EARNINGS PER COMMON SHARE [Abstract]  
Reconciliation of Numerators and Denominators of Basic and Diluted 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):
 
   
2015
    
2014
    
2013
  
Net income available to common shares
  
$
12,794
    
$
10,473
    
$
9,549
  
Effect of induced exchange of preferred stock
    
---
      
---
      
(17,575
)
Net income available to common shares
  
$
12,794
    
$
10,473
    
$
(8,026
)
                         
Weighted average shares outstanding, including participating stock awards - Basic
    
33,872,814
      
33,803,030
      
27,161,888
  
                         
Dilutive potential common shares:
                        
Stock options
    
---
      
---
      
---
  
Stock warrants
    
---
      
---
      
---
  
Weighted average shares outstanding - Diluted
    
33,872,814
      
33,803,030
      
27,161,888
  
                         
Basic earnings per common share
  
$
0.38
    
$
0.31
    
$
(0.29
)
Diluted earnings per common share
  
$
0.38
    
$
0.31
    
$
(0.29
)