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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2018
Stockholders' Equity Note [Abstract]  
Schedule of earnings per share reconciliation
The following table illustrates the reconciliation of weighted average shares used for earnings per common share computations for the three and nine months ended September 30, 2018 and 2017:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(Dollars in thousands)
Net income:
 
 
 
 
 
 
 
Net income
$
15,504

 
$
10,624

 
$
36,448

 
$
31,768

Less: Dividends and undistributed earnings allocated to participating securities
(48
)
 
(64
)
 
(252
)
 
(228
)
Net income allocated to common shareholders
$
15,456

 
$
10,560

 
$
36,196

 
$
31,540

Basic:
 
 
 
 
 
 
 
Weighted average common shares outstanding
36,839,615

 
29,929,721

 
34,744,788

 
29,940,276

Less: Restricted stock awards
(67,669
)
 
(146,425
)
 
(94,340
)
 
(192,186
)
Total basic weighted average common shares outstanding
36,771,946

 
29,783,296

 
34,650,448

 
29,748,090

Diluted:
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
36,771,946

 
29,783,296

 
34,650,448

 
29,748,090

Effect of potentially dilutive common shares (1)
191,298

 
107,414

 
170,154

 
86,004

Total diluted weighted average common shares outstanding
36,963,244

 
29,890,710

 
34,820,602

 
29,834,094


(1) 
Represents the effect of the assumed exercise of stock options and vesting of restricted stock units.
Schedule of dividends activity
The following table summarizes the dividend activity for the nine months ended September 30, 2018 and calendar year 2017.
Declared
 
Cash Dividend per Share
 
Record Date
 
Paid Date
 
January 25, 2017
 
$0.12
 
February 9, 2017
 
February 23, 2017
 
April 25, 2017
 
$0.13
 
May 10, 2017
 
May 24, 2017
 
July 25, 2017
 
$0.13
 
August 10, 2017
 
August 24, 2017
 
October 25, 2017
 
$0.13
 
November 8, 2017
 
November 22, 2017
 
October 25, 2017
 
$0.10
 
November 8, 2017
 
November 22, 2017
*
January 24, 2018
 
$0.15
 
February 7, 2018
 
February 21, 2018
 
April 25, 2018
 
$0.15
 
May 10, 2018
 
May 24, 2018
 
July 24, 2018
 
$0.15
 
August 9, 2018
 
August 23, 2018
 

* Denotes a special dividend.
Schedule of repurchased shares
The following table provides total repurchased shares for the periods indicated:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Repurchased shares to pay withholding taxes (1)
368

 
344

 
53,188

 
27,711

Stock repurchase to pay withholding taxes average share price
$
36.34

 
$
25.80

 
$
31.99

 
$
24.61

(1) During the nine months ended September 30, 2018, the Company repurchased 26,741 shares related to the withholding taxes due on the accelerated vesting of the restricted stock units of Puget Sound which were converted to Heritage common stock shares with an average share price of $31.80 under the terms of the merger. See Note (2) Business Combinations. There were no shares repurchased as a result of the accelerated vesting of the restricted stock awards of Premier.