Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share is shown below:

	Three months ended March 31,
	2019			2018
Basic earnings per common share computation:
Net income per consolidated statements of income	$	9,473		$	7,097
Net earnings allocated to participating securities	(39		)	(34		)
Net earnings allocated to common stock	$	9,434		$	7,063
Distributed earnings allocated to common stock	$	2,579		$	2,509
Undistributed earnings allocated to common stock	6,855			4,554
Net earnings allocated to common stock	$	9,434		$	7,063
Weighted average common shares outstanding, including shares considered participating securities	15,229			15,273

Less: Average participating securities	(62		)	(72		)
Weighted average shares	15,167			15,201
Basic earnings per common share	$	0.62		$	0.46
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	9,434		$	7,063
Weighted average common shares outstanding for basic earnings per common share	15,167			15,201
Add: Dilutive effects of assumed exercises of stock options	0			0
Weighted average shares and dilutive potential common shares	15,167			15,201
Diluted earnings per common share	$	0.62		$	0.46