XML 46 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2016
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
 
Nine months
Periods ended September 30,
2016
 
2015
 
2016
 
2015
Earnings per common share - basic:
 
 
 
 
 
 
 
Net income

$12,327

 

$10,208

 

$34,319

 

$32,721

Less dividends and undistributed earnings allocated to participating securities
(25
)
 
(27
)
 
(72
)
 
(100
)
Net income applicable to common shareholders

$12,302

 

$10,181

 

$34,247

 

$32,621

Weighted average common shares
17,090

 
16,939

 
17,060

 
16,837

Earnings per common share - basic

$0.72

 

$0.60

 

$2.01

 

$1.94

Earnings per common share - diluted:
 
 
 
 
 
 
 
Net income

$12,327

 

$10,208

 

$34,319

 

$32,721

Less dividends and undistributed earnings allocated to participating securities
(25
)
 
(28
)
 
(72
)
 
(100
)
Net income applicable to common shareholders

$12,302

 

$10,180

 

$34,247

 

$32,621

Weighted average common shares
17,090

 
16,939

 
17,060

 
16,837

Dilutive effect of common stock equivalents
113

 
163

 
138

 
190

Weighted average diluted common shares
17,203

 
17,102

 
17,198

 
17,027

Earnings per common share - diluted

$0.72

 

$0.60

 

$1.99

 

$1.92