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Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 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
 
Six months
Periods ended June 30,
2015
 
2014
 
2015

 
2014

Earnings per common share - basic:
 
 
 
 
 
 
 
Net income

$11,503

 

$9,797

 

$22,513

 

$19,095

Less dividends and undistributed earnings allocated to participating securities
(34
)
 
(33
)
 
(73
)
 
(73
)
Net income applicable to common shareholders

$11,469

 

$9,764

 

$22,440

 

$19,022

Weighted average common shares
16,811

 
16,678

 
16,785

 
16,653

Earnings per common share - basic

$0.68

 

$0.59

 

$1.34

 

$1.14

Earnings per common share - diluted:
 
 
 
 
 
 
 
Net income

$11,503

 

$9,797

 

$22,513

 

$19,095

Less dividends and undistributed earnings allocated to participating securities
(33
)
 
(33
)
 
(72
)
 
(74
)
Net income applicable to common shareholders

$11,470

 

$9,764

 

$22,441

 

$19,021

Weighted average common shares
16,811

 
16,678

 
16,785

 
16,653

Dilutive effect of common stock equivalents
178

 
153

 
192

 
164

Weighted average diluted common shares
16,989

 
16,831

 
16,977

 
16,817

Earnings per common share - diluted

$0.68

 

$0.58

 

$1.32

 

$1.13


Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 27,169 and 54,556, respectively, for the three months ended June 30, 2015 and 2014. These amounts were 75,913 and 54,578, respectively, for the six months ended June 30, 2015 and 2014.