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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2020
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
 
Six Months
Periods ended June 30,
2020
 
2019
 
2020
 
2019
Earnings per common share - basic:
 
 
 
 
 
 
 
Net income

$21,040

 

$17,273

 

$32,941

 

$34,768

Less dividends and undistributed earnings allocated to participating securities
(40
)
 
(35
)
 
(72
)
 
(69
)
Net income available to common shareholders

$21,000

 

$17,238

 

$32,869

 

$34,699

Weighted average common shares
17,257

 
17,330

 
17,301

 
17,317

Earnings per common share - basic

$1.22

 

$0.99

 

$1.90

 

$2.00

Earnings per common share - diluted:
 
 
 
 
 
 
 
Net income

$21,040

 

$17,273

 

$32,941

 

$34,768

Less dividends and undistributed earnings allocated to participating securities
(40
)
 
(35
)
 
(72
)
 
(69
)
Net income available to common shareholders

$21,000

 

$17,238

 

$32,869

 

$34,699

Weighted average common shares
17,257

 
17,330

 
17,301

 
17,317

Dilutive effect of common stock equivalents
35

 
75

 
76

 
86

Weighted average diluted common shares
17,292

 
17,405

 
17,377

 
17,403

Earnings per common share - diluted

$1.21

 

$0.99

 

$1.89

 

$1.99



Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 256,721 and 220,305, respectively for the three and six months ended June 30, 2020, compared to 87,950 and 87,863, respectively, for the same periods in 2019.