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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Calculation of Earnings Per Share
The calculation of earnings per common share is presented below.
(Dollars and shares in thousands, except per share amounts)
 
 
 
 
 
Years ended December 31,
2012
 
2011
 
2010
Net income

$35,074

 

$29,724

 

$24,051

Less:
 
 
 
 
 
Dividends and undistributed earnings allocated to participating securities
(160
)
 
(112
)
 
(65
)
Net income applicable to common shareholders
34,914

 
29,612

 
23,986

 
 
 
 
 
 
Weighted average basic common shares
16,358

 
16,254

 
16,114

Dilutive effect of:
 
 
 
 
 
Common stock equivalents
43

 
30

 
9

Weighted average diluted common shares
16,401

 
16,284

 
16,123

 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
Basic

$2.13

 

$1.82

 

$1.49

Diluted

$2.13

 

$1.82

 

$1.49