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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
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