| Computation of Earnings Per Share |
|
|
For the Three Months Ended
June 30, |
|
|
For the Six Months Ended
June 30, |
|
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
|
|
(Dollars in thousands, except per share data) |
|
|
Net income per consolidated statements of income |
$ |
10,486 |
|
|
$ |
9,541 |
|
|
$ |
19,142 |
|
|
$ |
18,097 |
|
|
Net income allocated to participating securities |
|
(27 |
) |
|
|
(41 |
) |
|
|
(66 |
) |
|
|
(91 |
) |
|
Net income allocated to common stock |
$ |
10,459 |
|
|
$ |
9,500 |
|
|
$ |
19,076 |
|
|
$ |
18,006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common share computation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributed earnings allocated to common stock |
$ |
3,407 |
|
|
$ |
2,982 |
|
|
$ |
6,827 |
|
|
$ |
5,954 |
|
|
Undistributed earnings allocated to common stock |
|
7,052 |
|
|
|
6,518 |
|
|
|
12,249 |
|
|
|
12,052 |
|
|
Net income allocated to common stock |
$ |
10,459 |
|
|
$ |
9,500 |
|
|
$ |
19,076 |
|
|
$ |
18,006 |
|
|
Weighted average common shares outstanding, including shares
considered participating securities |
|
48,589 |
|
|
|
49,906 |
|
|
|
48,805 |
|
|
|
49,877 |
|
|
Less: Average participating securities |
|
(126 |
) |
|
|
(212 |
) |
|
|
(167 |
) |
|
|
(250 |
) |
|
Weighted average shares |
|
48,463 |
|
|
|
49,694 |
|
|
|
48,638 |
|
|
|
49,627 |
|
|
Basic earnings per common share |
$ |
0.22 |
|
|
$ |
0.19 |
|
|
$ |
0.39 |
|
|
$ |
0.36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share computation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income allocated to common stock |
$ |
10,459 |
|
|
$ |
9,500 |
|
|
$ |
19,076 |
|
|
$ |
18,006 |
|
|
Weighted average common shares outstanding for basic earnings
per common share |
|
48,463 |
|
|
|
49,694 |
|
|
|
48,638 |
|
|
|
49,627 |
|
|
Add: Dilutive effects of assumed exercises of stock options and
LTIP awards |
|
181 |
|
|
|
250 |
|
|
|
201 |
|
|
|
262 |
|
|
Weighted average shares and dilutive potential common shares |
|
48,644 |
|
|
|
49,944 |
|
|
|
48,839 |
|
|
|
49,889 |
|
|
Diluted earnings per common share |
$ |
0.22 |
|
|
$ |
0.19 |
|
|
$ |
0.39 |
|
|
$ |
0.36 |
|
|