For the three months ended

June 30,

For the six months ended

June 30,

2015

2014

2015

2014

(In thousands, except per share data)

Net income, as reported

$

14,834

$

11,685

$

23,567

$

21,981

Divided by:

Weighted average common shares outstanding

29,246

30,059

29,321

30,022

Weighted average common stock equivalents

22

31

22

34

Total weighted average common shares outstanding and common stock equivalents

29,268

30,090

29,343

30,056

Basic earnings per common share

$

0.51

$

0.39

$

0.80

$

0.73

Diluted earnings per common share ⁽¹⁾

$

0.51

$

0.39

$

0.80

$

0.73

Dividend payout ratio

31.4

%

38.5

%

40.0

%

41.1

%