EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2017

NOTE 20 – EARNINGS PER SHARE

Following are the factors used in the earnings per share computations:

(dollars in thousand except share and per share data)	2017	2016	2015
Basic earnings per common share:
Net income	$57,330	$52,084	$46,367
Weighted-average common shares outstanding	25,181,208	25,056,095	24,926,354
Basic earnings per common share	$2.28	$2.08	$1.86
Diluted earnings per common share:
Net income	$57,330	$52,084	$46,367
Weighted-average common shares outstanding for
basic earnings per common share	25,181,208	25,056,095	24,926,354
Add: Dilutive effect of assumed exercise of warrant	219,273	184,205	156,563
Add: Dilutive effect of assumed exercises of stock options
and awards	262,900	220,427	162,652
Average shares and dilutive potential common shares	25,663,381	25,460,727	25,245,568
Diluted earnings per common share	$2.23	$2.05	$1.84

There were no antidilutive stock options for 2017, 2016 and 2015.

Share and per share data has been adjusted for a 3-for-2 stock split July 25, 2016 in the form of a stock dividend on August 5, 2016.