XML 32 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Common Share
 6 Months Ended
Jun. 30, 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
 
Six months
Periods ended June 30,
2016
 
2015
 
2016
 
2015
Earnings per common share - basic:
 
 
 
 
 
 
 
Net income

$11,057

 

$11,503

 

$21,992

 

$22,513

Less dividends and undistributed earnings allocated to participating securities
(22
)
 
(34
)
 
(47
)
 
(73
)
Net income applicable to common shareholders

$11,035

 

$11,469

 

$21,945

 

$22,440

Weighted average common shares
17,067

 
16,811

 
17,045

 
16,785

Earnings per common share - basic

$0.65

 

$0.68

 

$1.29

 

$1.34

Earnings per common share - diluted:
 
 
 
 
 
 
 
Net income

$11,057

 

$11,503

 

$21,992

 

$22,513

Less dividends and undistributed earnings allocated to participating securities
(22
)
 
(33
)
 
(47
)
 
(72
)
Net income applicable to common shareholders

$11,035

 

$11,470

 

$21,945

 

$22,441

Weighted average common shares
17,067

 
16,811

 
17,045

 
16,785

Dilutive effect of common stock equivalents
127

 
178

 
140

 
192

Weighted average diluted common shares
17,194

 
16,989

 
17,185

 
16,977

Earnings per common share - diluted

$0.64

 

$0.68

 

$1.28

 

$1.32



Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 69,025 and 27,169, respectively, for the three months ended June 30, 2016 and 2015. These amounts were 70,132 and 75,913, respectively for the six months ended June 30, 2016 and 2015.