Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Common Share

Schedule of net income per share

The calculation of net income per common share for the three months ended June 30, 2017 and 2016 was as follows.

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars and shares in thousands, except per share data)	2017		2016		2017		2016
Basic:
Net income	$	27,772	$	24,145	$	54,789	$	47,467
Average common shares outstanding		34,129		33,588		34,099		33,554
Basic net income per common share	$	0.81	$	0.72	$	1.61	$	1.41
Diluted:
Net income	$	27,772	$	24,145	$	54,789	$	47,467
Average common shares outstanding		34,129		33,588		34,099		33,554
Adjustment for common share equivalents		195		595		205		592
Average common shares outstanding-diluted		34,324		34,183		34,304		34,146
Diluted net income per common share	$	0.81	$	0.71	$	1.60	$	1.39
Anti-dilutive shares		7		7		7		7