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Earnings Per Common Share
 12 Months Ended
Dec. 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)
 
 
 
 
 
Years ended December 31,
2018

 
2017

 
2016

Earnings per common share - basic:
 
 
 
 
 
Net income

$68,432

 

$45,925

 

$46,481

Less dividends and undistributed earnings allocated to participating securities
(144
)
 
(108
)
 
(97
)
Net income available to common shareholders

$68,288

 

$45,817

 

$46,384

Weighted average common shares
17,272

 
17,207

 
17,081

Earnings per common share - basic

$3.95

 

$2.66

 

$2.72

Earnings per common share - diluted:
 
 
 
 
 
Net income

$68,432

 

$45,925

 

$46,481

Less dividends and undistributed earnings allocated to participating securities
(144
)
 
(108
)
 
(97
)
Net income available to common shareholders

$68,288

 

$45,817

 

$46,384

Weighted average common shares
17,272

 
17,207

 
17,081

Dilutive effect of common stock equivalents
119

 
131

 
127

Weighted average diluted common shares
17,391

 
17,338

 
17,208

Earnings per common share - diluted

$3.93

 

$2.64

 

$2.70



Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 55,821, 11,572 and 59,158 for the years ended December 31, 2018, 2017 and 2016, respectively.