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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

 

For the Three Months Ended

March 31,

 

 

2017

 

 

2016

 

 

(Dollars in thousands, except per share data)

 

Net income per consolidated statements of income

$

1,538

 

 

$

3,320

 

Net income allocated to participating securities

 

(11

)

 

 

(22

)

Net income allocated to common stock

$

1,527

 

 

$

3,298

 

 

 

 

 

 

 

 

 

Basic earnings per common share computation:

 

 

 

 

 

 

 

Distributed earnings allocated to common stock

$

1,479

 

 

$

1,188

 

Undistributed earnings allocated to common stock

 

48

 

 

 

2,110

 

Net income allocated to common stock

$

1,527

 

 

$

3,298

 

Weighted average common shares outstanding, including shares

   considered participating securities

 

48,620

 

 

 

47,587

 

Less: Average participating securities

 

(331

)

 

 

(315

)

Weighted average shares

 

48,289

 

 

 

47,272

 

Basic earnings per common share

$

0.03

 

 

$

0.07

 

 

 

 

 

 

 

 

 

Diluted earnings per common share computation:

 

 

 

 

 

 

 

Net income allocated to common stock

$

1,527

 

 

$

3,298

 

Weighted average common shares outstanding for basic

   earnings per common share

 

48,289

 

 

 

47,272

 

Add: Dilutive effects of assumed exercises of stock options and LTIP awards

 

357

 

 

 

279

 

Weighted average shares and dilutive potential common shares

 

48,646

 

 

 

47,551

 

Diluted earnings per common share

$

0.03

 

 

$

0.07