Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018			2017
Basic earnings per common share computation:
Net income per consolidated statements of income	$	7,097		$	6,480
Net earnings allocated to participating securities		(34	)		(39	)
Net earnings allocated to common stock	$	7,063		$	6,441
Distributed earnings allocated to common stock	$	2,509		$	2,508
Undistributed earnings allocated to common stock		4,554			3,933
Net earnings allocated to common stock	$	7,063		$	6,441
Weighted average common shares outstanding, including shares considered participating securities		15,273			14,979

Less: Average participating securities		(72	)		(86	)
Weighted average shares		15,201			14,893
Basic earnings per common share	$	0.46		$	0.43
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	7,063		$	6,441
Weighted average common shares outstanding for basic earnings per common share		15,201			14,893
Add: Dilutive effects of assumed exercises of stock options		0			0
Weighted average shares and dilutive potential common shares		15,201			14,893
Diluted earnings per common share	$	0.46		$	0.43