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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation Of Earnings And Shares Used In Calculating Basic And Diluted EPS

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS for each of the years ended December 31 (in thousands, except per share amounts). All outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities.

 

 

 

2018

 

 

2017

 

 

2016

 

Net income available to common shareholders

 

$

38,065

 

 

$

32,064

 

 

$

30,469

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Total shares issued

 

 

16,056

 

 

 

15,235

 

 

 

14,689

 

Unvested restricted stock awards

 

 

(8

)

 

 

(47

)

 

 

(75

)

Treasury shares

 

 

(138

)

 

 

(144

)

 

 

(178

)

Total basic weighted average common shares outstanding

 

 

15,910

 

 

 

15,044

 

 

 

14,436

 

Incremental shares from assumed:

 

 

 

 

 

 

 

 

 

 

 

 

Exercise of stock options

 

 

2

 

 

 

9

 

 

 

20

 

Vesting of restricted stock awards

 

 

44

 

 

 

32

 

 

 

35

 

Total diluted weighted average common shares outstanding

 

 

15,956

 

 

 

15,085

 

 

 

14,491

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

2.39

 

 

$

2.13

 

 

$

2.11

 

Diluted earnings per common share

 

$

2.39

 

 

$

2.13

 

 

$

2.10

 

Shares Excluded From Computation Of Diluted EPS EPS because the effect would be antidilutive:

 

Stock options

 

 

-

 

 

 

-

 

 

 

-

 

Restricted stock awards

 

 

6

 

 

 

1

 

 

 

2

 

Total

 

 

6

 

 

 

1

 

 

 

2