Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

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						Nine months ended
	September 30,						September 30,
	2017			2016			2017			2016
Basic earnings per common share computation:
Net income per consolidated statements of income	$	7,246		$	6,416		$	20,409		$	15,500
Net earnings allocated to participating securities		(40	)		(40	)		(120	)		(101	)
Net earnings allocated to common stock	$	7,206		$	6,376		$	20,289		$	15,399
Distributed earnings allocated to common stock	$	2,506		$	2,370		$	7,521		$	7,107
Undistributed earnings allocated to common stock		4,700			4,006			12,768			8,292
Net earnings allocated to common stock	$	7,206		$	6,376		$	20,289		$	15,399
Weighted average common shares outstanding, including shares considered participating securities		15,285			14,464			15,188			14,453
Less: Average participating securities		(78	)		(82	)		(84	)		(85	)
Weighted average shares		15,207			14,382			15,104			14,368
Basic earnings per common share	$	0.47		$	0.44		$	1.34		$	1.07
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	7,206		$	6,376		$	20,289		$	15,399
Weighted average shares and dilutive potential common shares		15,207			14,382			15,104			14,368
Diluted earnings per common share	$	0.47		$	0.44		$	1.34		$	1.07