Three Months Ended

Six Months Ended

June 30,

(In thousands, except per share data)

2017

2016

2017

2016

Net Income

$

8,841

$

8,854

$

18,012

$

17,480

Dividends paid on and earnings allocated to participating securities

(182

)

(181

)

(360

)

(351

)

Income attributable to common stock

$

8,659

$

8,673

$

17,652

$

17,129

Weighted average common shares outstanding, including participating securities

19,781

17,507

19,725

17,493

Weighted average participating securities

(410

)

(358

)

(401

)

(356

)

Weighted average common shares outstanding

19,371

17,149

19,324

17,137

Basic earnings per common share

$

0.45

$

0.51

$

0.91

$

1.00

Income attributable to common stock

$

8,659

$

8,673

$

17,652

$

17,129

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

-

223

32

444

Income attributable to common stock including assumed conversions

$

8,659

$

8,896

$

17,684

$

17,573

Weighted average common shares outstanding

19,371

17,149

19,324

17,137

Incremental shares from assumed conversions of options and restricted stock units

23

14

20

9

Incremental shares from assumed conversions of 8.5% trust preferred securities

-

530

35

523

Weighted average common and equivalent shares outstanding

19,394

17,693

19,379

17,669

Diluted earnings per common share

$

0.45

$

0.50

$

0.91

$

0.99