Year Ended December 31,

(In thousands, except per share data)

2017

2016

2015

Net income

$

20,539

$

35,491

$

21,111

Dividends paid on and earnings allocated to participating securities

(415

)

(732

)

(451

)

Income attributable to common stock

$

20,124

$

34,759

$

20,660

Weighted average common shares outstanding, including participating securities

19,759

17,670

14,792

Weighted average participating securities

(404

)

(366

)

(319

)

Weighted average common shares outstanding

19,355

17,304

14,473

Basic earnings per common share

$

1.04

$

2.01

$

1.43

Income attributable to common stock

$

20,124

$

34,759

$

20,660

Impact of assumed conversions - interest on 8.5% trust preferred securities

—

878

—

Income attributable to common stock including assumed conversions

$

20,124

$

35,637

$

20,660

Weighted average common shares outstanding

19,355

17,304

14,473

Incremental shares from assumed conversions of options and restricted stock units

24

13

4

Incremental shares from assumed conversions of 8.5% trust preferred securities

—

534

—

Weighted average common and equivalent shares outstanding

19,379

17,851

14,477

Diluted earnings per common share

$

1.04

$

2.00

$

1.43