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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 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)
 
 
 
 
 
Years ended December 31,
2013

 
2012

 
2011

Net income

$36,153

 

$35,074

 

$29,724

Less:
 
 
 
 
 
Dividends and undistributed earnings allocated to participating securities
(155
)
 
(160
)
 
(112
)
Net income applicable to common shareholders
35,998

 
34,914

 
29,612

 
 
 
 
 
 
Weighted average basic common shares
16,506

 
16,358

 
16,254

Dilutive effect of:
 
 
 
 
 
Common stock equivalents
158

 
43

 
30

Weighted average diluted common shares
16,664

 
16,401

 
16,284

 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
Basic

$2.18

 

$2.13

 

$1.82

Diluted

$2.16

 

$2.13

 

$1.82