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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Calculation of Earnings Per Share
The following table presents the calculation of earnings per common share:
(Dollars and shares in thousands, except per share amounts)
 
 
 
Three months ended March 31,
2015

 
2014

Earnings per common share - basic:
 
 
 
Net income

$11,010

 

$9,298

Less dividends and undistributed earnings allocated to participating securities
(39
)
 
(41
)
Net income applicable to common shareholders

$10,971

 

$9,257

Weighted average common shares
16,759

 
16,626

Earnings per common share - basic

$0.65

 

$0.56

Earnings per common share - diluted:
 
 
 
Net income

$11,010

 

$9,298

Less dividends and undistributed earnings allocated to participating securities
(39
)
 
(41
)
Net income applicable to common shareholders

$10,971

 

$9,257

Weighted average common shares
16,759

 
16,626

Dilutive effect of common stock equivalents
180

 
174

Weighted average diluted common shares
16,939

 
16,800

Earnings per common share - diluted

$0.65

 

$0.55


Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 77,450 and 54,600, respectively, for the three months ended March 31, 2015 and 2014.