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
)