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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2016
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)
 
 
 
Three months ended March 31,
2016

 
2015

Earnings per common share - basic:
 
 
 
Net income

$10,935

 

$11,010

Less dividends and undistributed earnings allocated to participating securities
(25
)
 
(39
)
Net income applicable to common shareholders

$10,910

 

$10,971

Weighted average common shares
17,023

 
16,759

Earnings per common share - basic

$0.64

 

$0.65

Earnings per common share - diluted:
 
 
 
Net income

$10,935

 

$11,010

Less dividends and undistributed earnings allocated to participating securities
(25
)
 
(39
)
Net income applicable to common shareholders

$10,910

 

$10,971

Weighted average common shares
17,023

 
16,759

Dilutive effect of common stock equivalents
134

 
180

Weighted average diluted common shares
17,157

 
16,939

Earnings per common share - diluted

$0.64

 

$0.65



Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 69,025 and 77,450, respectively, for the three months ended March 31, 2016 and 2015.