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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any outstanding options or warrants were exercised or restricted stock becomes vested, and includes the “if converted” method for participating securities if the effect is dilutive.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

(in thousands, except share and per share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders - basic

 

$

15,481

 

 

$

16,639

 

 

$

29,005

 

 

$

40,896

 

Basic weighted average common shares

 

 

19,162,049

 

 

 

19,096,718

 

 

 

19,156,250

 

 

 

19,077,328

 

Basic earnings per common share

 

$

0.81

 

 

$

0.87

 

 

$

1.51

 

 

$

2.14

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders - diluted

 

$

15,481

 

 

$

16,639

 

 

$

29,005

 

 

$

40,896

 

Diluted weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

19,162,049

 

 

 

19,096,718

 

 

 

19,156,250

 

 

 

19,077,328

 

Stock options and restricted stock

 

 

65,911

 

 

 

88,266

 

 

 

71,747

 

 

 

101,565

 

Diluted weighted average common shares

 

 

19,227,960

 

 

 

19,184,984

 

 

 

19,227,997

 

 

 

19,178,893

 

Diluted earnings per common share

 

$

0.81

 

 

$

0.87

 

 

$

1.51

 

 

$

2.13