For the three months ended

September 30,

For the nine months ended

September 30,

2014

2013

2014

2013

(In thousands, except per share data)

Net income, as reported

$

11,201

$

9,421

$

33,182

$

25,804

Divided by:

Weighted average common shares outstanding

29,772

29,773

29,937

30,143

Weighted average common stock equivalents

24

32

31

25

Total weighted average common shares outstanding and common stock equivalents

29,796

29,805

29,968

30,168

Basic earnings per common share

$

0.38

$

0.32

$

1.11

$

0.86

Diluted earnings per common share⁽¹⁾

$

0.38

$

0.32

$

1.11

$

0.86

Dividend payout ratio

39.5

%

40.6

%

40.5

%

45.3

%