| 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, | 2016 |
| | 2015 |
| | 2014 |
| Earnings per common share - basic: | | | | | | Net income |
| $46,481 |
| |
| $43,465 |
| |
| $40,824 |
| Less dividends and undistributed earnings allocated to participating securities | (97 | ) | | (126 | ) | | (152 | ) | Net income applicable to common shareholders | 46,384 |
| | 43,339 |
| | 40,672 |
| Weighted average common shares | 17,081 |
| | 16,879 |
| | 16,689 |
| Earnings per common share - basic |
| $2.72 |
| |
| $2.57 |
| |
| $2.44 |
| Earnings per common share - diluted: | | | | | | Net income |
| $46,481 |
| |
| $43,465 |
| |
| $40,824 |
| Less dividends and undistributed earnings allocated to participating securities | (97 | ) | | (126 | ) | | (151 | ) | Net income applicable to common shareholders | 46,384 |
| | 43,339 |
| | 40,673 |
| Weighted average common shares | 17,081 |
| | 16,879 |
| | 16,689 |
| Dilutive effect of common stock equivalents | 127 |
| | 188 |
| | 183 |
| Weighted average diluted common shares | 17,208 |
| | 17,067 |
| | 16,872 |
| Earnings per common share - diluted |
| $2.70 |
| |
| $2.54 |
| |
| $2.41 |
|
Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 59,158, 34,850 and 59,234 for the years ended December 31, 2016, 2015 and 2014, respectively. |