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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share
The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share.
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(Dollars in thousands - except per share amounts)
 
2018
 
2017
 
2018
 
2017
Distributed earnings allocated to common stock
 
$
6,225

 
$
4,923

 
$
11,929

 
$
9,586

Undistributed earnings allocated to common stock
 
15,591

 
11,618

 
28,869

 
23,040

Net earnings allocated to common stock
 
21,816

 
16,541

 
40,798

 
32,626

Net earnings allocated to participating securities
 
148

 
128

 
282

 
249

Net income allocated to common stock and participating securities
 
$
21,964

 
$
16,669

 
$
41,080

 
$
32,875

 
 
 
 
 
 
 
 
 
Weighted average shares outstanding for basic earnings per common share
 
25,958,128

 
25,927,032

 
25,954,278

 
25,915,280

Dilutive effect of stock compensation
 

 

 

 

Weighted average shares outstanding for diluted earnings per common share
 
25,958,128

 
25,927,032

 
25,954,278

 
25,915,280

 
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.84

 
$
0.64

 
$
1.57

 
$
1.26

Diluted earnings per common share
 
$
0.84

 
$
0.64

 
$
1.57

 
$
1.26