Earnings Per Common Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The calculations of basic and diluted earnings per common share were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except per share data)	2015		2014		2015			2014
Distributed earnings allocated to common shareholders	$	2,726	$	1,609	$	4,969		$	3,213
Undistributed earnings (loss) allocated to common shareholders	2,154		1,836		(787		)	4,986
Net earnings allocated to common shareholders	$	4,880	$	3,445	$	4,182		$	8,199
Weighted-average common shares outstanding	18,116,090		10,755,509		16,965,603			10,696,129
Effect of potentially dilutive common shares	137,828		124,581		128,492			111,559
Total weighted-average diluted common shares outstanding	18,253,918		10,880,090		17,094,095			10,807,688
Earnings per common share:
Basic	$	0.27	$	0.32	$	0.25		$	0.77
Diluted	$	0.27	$	0.32	$	0.24		$	0.76
Anti-dilutive shares excluded from calculation:
Stock options and SARs	44,045		52,587		48,614			57,303