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Earnings Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2013
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)
 
Three Months
 
Nine months
Periods ended September 30,
2013
 
2012
 
2013
 
2012
Net income

$9,960

 

$8,900

 

$26,364

 

$26,051

Less dividends and undistributed earnings allocated to participating securities
(37
)
 
(42
)
 
(115
)
 
(116
)
Net income applicable to common shareholders

$9,923

 

$8,858

 

$26,249

 

$25,935

 
 
 
 
 
 
 
 
Weighted average basic common shares
16,563

 
16,366

 
16,473

 
16,351

Dilutive effect of common stock equivalents
133

 
48

 
127

 
41

Weighted average diluted common shares
16,696

 
16,414

 
16,600

 
16,392

 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 
Basic

$0.60

 

$0.54

 

$1.59

 

$1.59

Diluted

$0.59

 

$0.54

 

$1.58

 

$1.58

Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, were zero and 400 thousand, respectively, for the three months ended September 30, 2013 and 2012. These amounts were 7 thousand and 342 thousand, respectively, for the nine months ended September 30, 2013 and 2012.