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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2017
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,
2017

 
2016

Earnings per common share - basic:
 
 
 
Net income

$11,782

 

$10,935

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

$11,755

 

$10,910

Weighted average common shares
17,186

 
17,023

Earnings per common share - basic

$0.68

 

$0.64

Earnings per common share - diluted:
 
 
 
Net income

$11,782

 

$10,935

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

$11,755

 

$10,910

Weighted average common shares
17,186

 
17,023

Dilutive effect of common stock equivalents
107

 
134

Weighted average diluted common shares
17,293

 
17,157

Earnings per common share - diluted

$0.68

 

$0.64



Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 69,025 for the three months ended March 31, 2016. There were no anti-dilutive weighted average common stock equivalents for the three months ended March 31, 2017.