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						Six Months
Periods ended June 30,	2018			2017			2018			2017
Earnings per common share - basic:
Net income		$17,674			$13,199			$33,885			$24,981
Less dividends and undistributed earnings allocated to participating securities	(38		)	(29		)	(76		)	(56		)
Net income applicable to common shareholders		$17,636			$13,170			$33,809			$24,925
Weighted average common shares	17,272			17,206			17,253			17,196
Earnings per common share - basic		$1.02			$0.77			$1.96			$1.45
Earnings per common share - diluted:
Net income		$17,674			$13,199			$33,885			$24,981
Less dividends and undistributed earnings allocated to participating securities	(38		)	(29		)	(76		)	(56		)
Net income applicable to common shareholders		$17,636			$13,170			$33,809			$24,925
Weighted average common shares	17,272			17,206			17,253			17,196
Dilutive effect of common stock equivalents	115			110			131			116
Weighted average diluted common shares	17,387			17,316			17,384			17,312
Earnings per common share - diluted		$1.01			$0.76			$1.94			$1.44

Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 43,871 and 3,475, respectively, for the three months ended June 30, 2018 and 2017. Anti-dilutive weighted average common stock equivalents for the six months ended June 30, 2018 totaled 48,956. There were no anti-dilutive weighted average common stock equivalents outstanding for the six months ended June 30, 2017.