Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

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,	2019			2018
Earnings per common share - basic:
Net income		$17,495			$16,211
Less dividends and undistributed earnings allocated to participating securities	(34		)	(38		)
Net income available to common shareholders		$17,461			$16,173
Weighted average common shares	17,304			17,234
Earnings per common share - basic		$1.01			$0.94
Earnings per common share - diluted:
Net income		$17,495			$16,211
Less dividends and undistributed earnings allocated to participating securities	(34		)	(38		)
Net income available to common shareholders		$17,461			$16,173
Weighted average common shares	17,304			17,234
Dilutive effect of common stock equivalents	97			111
Weighted average diluted common shares	17,401			17,345
Earnings per common share - diluted		$1.00			$0.93

Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 87,775 and 45,832, respectively for the three months ended March 31, 2019 and 2018.