Earnings Per Common Share

6 Months Ended

Jun. 30, 2018

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 common share data)	2018		2017		2018		2017
Distributed earnings allocated to common shareholders	$	5,407	$	3,609	$	10,123	$	7,213
Undistributed earnings allocated to common shareholders	2,427		6,100		9,389		11,262
Net earnings allocated to common shareholders	$	7,834	$	9,709	$	19,512	$	18,475

Weighted-average common shares outstanding	19,160,728		18,044,574		18,646,266		18,037,333
Effect of potentially dilutive common shares	132,653		159,178		126,903		158,382
Total weighted-average diluted common shares outstanding	19,293,381		18,203,752		18,773,169		18,195,715

Earnings per common share:
Basic	$	0.41	$	0.54	$	1.05	$	1.02
Diluted	$	0.41	$	0.53	$	1.04	$	1.02

Anti-dilutive shares excluded from calculation:
Restricted shares, stock options and stock appreciation rights	—		14		32		63