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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2018
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,
2018

 
2017

Earnings per common share - basic:
 
 
 
Net income

$16,211

 

$11,782

Less dividends and undistributed earnings allocated to participating securities
(38
)
 
(27
)
Net income applicable to common shareholders

$16,173

 

$11,755

Weighted average common shares
17,234

 
17,186

Earnings per common share - basic

$0.94

 

$0.68

Earnings per common share - diluted:
 
 
 
Net income

$16,211

 

$11,782

Less dividends and undistributed earnings allocated to participating securities
(38
)
 
(27
)
Net income applicable to common shareholders

$16,173

 

$11,755

Weighted average common shares
17,234

 
17,186

Dilutive effect of common stock equivalents
111

 
107

Weighted average diluted common shares
17,345

 
17,293

Earnings per common share - diluted

$0.93

 

$0.68



Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 45,832 for the three months ended March 31, 2018. There were no anti-dilutive weighted average common stock equivalents for the three months ended March 31, 2017.