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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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 for the three years ending December 31.
(Dollars in thousands - except per share amounts)
 
2018
 
2017
 
2016
Distributed earnings allocated to common stock
 
$
24,894

 
$
19,701

 
$
18,707

Undistributed earnings allocated to common stock
 
56,975

 
47,830

 
38,670

Net earnings allocated to common stock
 
81,869

 
67,531

 
57,377

Net earnings allocated to participating securities
 
545

 
520

 
409

Net income allocated to common stock and participating securities
 
$
82,414

 
$
68,051

 
$
57,786

 
 
 
 
 
 
 
Weighted average shares outstanding for basic earnings per common share
 
25,937,599

 
25,925,820

 
25,879,397

Dilutive effect of stock compensation
 

 

 

Weighted average shares outstanding for diluted earnings per common share
 
25,937,599

 
25,925,820

 
25,879,397

 
 
 
 
 
 
 
Basic earnings per common share
 
$
3.16

 
$
2.60

 
$
2.22

Diluted earnings per common share
 
$
3.16

 
$
2.60

 
$
2.22