Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Earnings Per Common Share

v3.7.0.1
Note 3 - Earnings Per Common Share
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
NOTE
3
- EARNINGS PER COMMON SHARE
 
Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options and warrants. All reported amounts in this Form
10
-Q have been adjusted to give effect to the
2
-for-
1
stock split disclosed above.
 
 
    Three Months Ended March 31,
    2017   2016
    (In Thousands, Except Shares and Per
Share Data)
Earnings per common share                
Weighted average common shares outstanding    
52,745,335
     
52,194,726
 
Net income available to common stockholders   $
22,519
    $
19,956
 
Basic earnings per common share   $
0.43
    $
0.38
 
                 
Weighted average common shares outstanding    
52,745,335
     
52,194,726
 
Dilutive effects of assumed conversions and exercise of stock options and warrants    
1,388,387
     
938,894
 
Weighted average common and dilutive potential common shares outstanding    
54,133,722
     
53,133,620
 
Net income available to common stockholders   $
22,519
    $
19,956
 
Diluted earnings per common share   $
0.42
    $
0.38