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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2020
EARNINGS PER SHARE  
Schedule of Weighted Average Number of Shares

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

(dollars in thousand except share and per share data)

    

2020

    

2019

    

2018

Basic earnings per common share:

 

  

 

  

 

  

Net income

$

84,337

$

87,047

$

80,411

Weighted-average common shares outstanding

 

25,469,242

 

25,588,404

 

25,288,533

Basic earnings per common share

$

3.31

$

3.40

$

3.18

Diluted earnings per common share:

 

  

 

  

 

  

Net income

$

84,337

$

87,047

$

80,411

Weighted-average common shares outstanding for basic earnings per common share

 

25,469,242

 

25,588,404

 

25,288,533

Add: Dilutive effect of assumed exercise of warrant

 

 

 

225,831

Add: Dilutive effect of assumed exercises of stock options and awards

 

104,699

 

170,489

 

213,467

Average shares and dilutive potential common shares

 

25,573,941

 

25,758,893

 

25,727,831

Diluted earnings per common share

$

3.30

$

3.38

$

3.13