Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Calculation of Earnings Per 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