Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

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
	March 31,
(Dollars in thousands, except per common share data)	2019		2018
Distributed earnings allocated to common shareholders	$	5,777	$	4,716
Undistributed earnings allocated to common shareholders	8,490		6,962
Net earnings allocated to common shareholders	$	14,267	$	11,678
Weighted-average common shares outstanding	19,366,008		18,126,089
Effect of potentially dilutive common shares	142,860		129,946
Total weighted-average diluted common shares outstanding	19,508,868		18,256,035
Earnings per common share:
Basic	$	0.74	$	0.64
Diluted	$	0.73	$	0.64
Anti-dilutive common shares excluded from calculation:
Restricted shares and stock appreciation rights	2,057		32