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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

 

For the Three Months Ended

September 30,

 

 

For the Nine Months Ended

September 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

(Dollars in thousands, except per share data)

 

Net income per consolidated statements of income

$

9,529

 

 

$

7,556

 

 

$

27,626

 

 

$

17,283

 

Net income allocated to participating securities

 

(49

)

 

 

(42

)

 

 

(140

)

 

 

(108

)

Net income allocated to common stock

$

9,480

 

 

$

7,514

 

 

$

27,486

 

 

$

17,175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributed earnings allocated to common stock

$

3,478

 

 

$

1,979

 

 

$

9,432

 

 

$

4,941

 

Undistributed earnings allocated to common stock

 

6,002

 

 

 

5,535

 

 

 

18,054

 

 

 

12,234

 

Net income allocated to common stock

$

9,480

 

 

$

7,514

 

 

$

27,486

 

 

$

17,175

 

Weighted average common shares outstanding, including shares

   considered participating securities

 

49,909

 

 

 

49,736

 

 

 

49,892

 

 

 

49,353

 

Less: Average participating securities

 

(226

)

 

 

(276

)

 

 

(252

)

 

 

(308

)

Weighted average shares

 

49,683

 

 

 

49,460

 

 

 

49,640

 

 

 

49,045

 

Basic earnings per common share

$

0.19

 

 

$

0.15

 

 

$

0.55

 

 

$

0.35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to common stock

$

9,480

 

 

$

7,514

 

 

$

27,486

 

 

$

17,175

 

Weighted average common shares outstanding for basic

   earnings per common share

 

49,683

 

 

 

49,460

 

 

 

49,640

 

 

 

49,045

 

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

   awards

 

264

 

 

 

391

 

 

 

262

 

 

 

396

 

Weighted average shares and dilutive potential common shares

 

49,947

 

 

 

49,851

 

 

 

49,902

 

 

 

49,441

 

Diluted earnings per common share

$

0.19

 

 

$

0.15

 

 

$

0.55

 

 

$

0.35