Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Common Share

Schedule of computation of basic and diluted earnings per common share

The following table sets forth the computation of basic and diluted earnings per common share:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
	(In Thousands, except per share data)
Basic Earnings Per Share: Net income available to common shareholders	$	13,171	$	11,306	$	36,852	$	34,152
Less: Income allocated to participating securities		1		1		3		3
Net income allocated to common shareholders		13,170		11,305		36,849		34,149
Weighted average common shares outstanding including participating securities(1)		19,801		20,409		19,873		20,382
Less: Participating securities		11		9		11		9
Average common shares(1)		19,790		20,400		19,862		20,373
Basic earnings per common share	$	0.67	$	0.55	$	1.86	$	1.68
Diluted Earnings Per Share:
Net income allocated to common shareholders	$	13,170	$	11,305	$	36,849	$	34,149
Weighted average common shares outstanding for basic earnings per common share(1)		19,790		20,400		19,862		20,373
Add: Dilutive effects of stock options		85		67		81		92
Average shares and dilutive potential common shares(1)		19,875		20,467		19,943		20,465
Diluted earnings per common share	$	0.66	$	0.55	$	1.85	$	1.67