Earnings Per Common Share

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except per share data)	2015		2014		2015		2014
Distributed earnings allocated to common shareholders	$	2,727	$	1,649	$	7,696	$	4,862
Undistributed earnings allocated to common shareholders	1,375		2,498		574		7,486
Net earnings allocated to common shareholders	$	4,102	$	4,147	$	8,270	$	12,348
Weighted-average common shares outstanding	18,127,131		12,632,341		17,357,034		11,348,625
Effect of potentially dilutive common shares	144,848		133,539		130,608		115,395
Total weighted-average diluted common shares outstanding	18,271,979		12,765,880		17,487,642		11,464,020
Earnings per common share:
Basic	$	0.23	$	0.33	$	0.48	$	1.09
Diluted	$	0.22	$	0.32	$	0.47	$	1.08
Anti-dilutive shares excluded from calculation:
Stock options and SARs	42,832		51,727		47,831		55,604