Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

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 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