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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Calculations of Basic and Diluted 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)
2017
2016
 
2017
2016
Distributed earnings allocated to common shareholders
$
3,972

$
2,879

 
$
11,184

$
8,471

Undistributed earnings allocated to common shareholders
6,865

4,881

 
18,134

15,189

Net earnings allocated to common shareholders
$
10,837

$
7,760

 
$
29,318

$
23,660

 
 
 
 
 
 
Weighted-average common shares outstanding
18,056,202

17,993,443

 
18,043,692

18,015,249

Effect of potentially dilutive common shares
157,331

117,267

 
156,267

108,411

Total weighted-average diluted common shares outstanding
18,213,533

18,110,710

 
18,199,959

18,123,660

 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
Basic
$
0.60

$
0.43

 
$
1.62

$
1.31

Diluted
$
0.60

$
0.43

 
$
1.61

$
1.31

 
 
 
 
 
 
Anti-dilutive shares excluded from calculation:
 
 
 
 
 
Restricted shares, stock options and stock appreciation rights
163

18,604

 
270

24,461