Earnings Per Common Share

6 Months Ended

Jun. 30, 2016

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)	2016		2015		2016		2015
Distributed earnings allocated to common shareholders	$	2,877	$	2,726	$	5,592	$	4,969
Undistributed earnings (loss) allocated to common shareholders	5,050		2,154		10,297		(787		)
Net earnings allocated to common shareholders	$	7,927	$	4,880	$	15,889	$	4,182
Weighted-average common shares outstanding	17,980,797		18,116,090		18,026,272		16,965,603
Effect of potentially dilutive common shares	133,015		137,828		127,988		128,492
Total weighted-average diluted common shares outstanding	18,113,812		18,253,918		18,154,260		17,094,095
Earnings per common share:
Basic	$	0.44	$	0.27	$	0.88	$	0.25
Diluted	$	0.44	$	0.27	$	0.88	$	0.24
Anti-dilutive shares excluded from calculation:
Restricted shares, stock options and stock appreciation rights	30,703		44,045		31,739		48,614