Year Ended December 31,

(In thousands, except per share data)

2016

2015

2014

Net income

$

35,491

$

21,111

$

13,763

Dividends paid on and earnings allocated to participating securities

(732

)

(451

)

(319

)

Income attributable to common stock

$

34,759

$

20,660

$

13,444

Weighted average common shares outstanding, including participating securities

17,670

14,792

11,633

Weighted average participating securities

(366

)

(319

)

(278

)

Weighted average common shares outstanding

17,304

14,473

11,355

Basic earnings per common share

$

2.01

$

1.43

$

1.18

Income attributable to common stock

$

34,759

$

20,660

$

13,444

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

878

—

Income attributable to common stock including assumed conversions

$

35,637

$

20,660

$

13,444

Weighted average common shares outstanding

17,304

14,473

11,355

Incremental shares from assumed conversions of options and restricted stock units

13

4

—

Incremental shares from assumed conversions of 8.5% trust preferred securities

534

—

Weighted average common and equivalent shares outstanding

17,851

14,477

11,355

Diluted earnings per common share

$

2.00

$

1.43

$

1.18