Earnings Per Common Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings per Common Share

The following table presents the calculation of earnings per common share:

(Dollars and shares in thousands, except per share amounts)
Years ended December 31,	2015			2014			2013
Earnings per common share - basic:
Net income		$43,465			$40,824			$36,153
Less dividends and undistributed earnings allocated to participating securities	(126		)	(152		)	(156		)
Net income applicable to common shareholders	43,339			40,672			35,997
Weighted average common shares	16,879			16,689			16,506
Earnings per common share - basic		$2.57			$2.44			$2.18
Earnings per common share - diluted:
Net income		$43,465			$40,824			$36,153
Less dividends and undistributed earnings allocated to participating securities	(126		)	(151		)	(155		)
Net income applicable to common shareholders	43,339			40,673			35,998
Weighted average common shares	16,879			16,689			16,506
Dilutive effect of common stock equivalents	188			183			158
Weighted average diluted common shares	17,067			16,872			16,664
Earnings per common share - diluted		$2.54			$2.41			$2.16

Weighted average common stock equivalents, not included in common stock equivalents above because they were anti‑dilutive, totaled 34,850, 59,234 and 23,286 for the years ended December 31, 2015, 2014 and 2013, respectively.