Earnings Per Common Share (Tables)

6 Months Ended

Jun. 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				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
	(In Thousands, except per share data)
Basic Earnings Per Share: Net income available to common shareholders	$	12,199	$	11,109	$	23,681	$	22,846
Less: Income allocated to participating securities		1		1		2		2
Net income allocated to common shareholders		12,198		11,108		23,679		22,844
Weighted average common shares outstanding including participating securities(1)		19,791		20,399		19,908		20,370
Less: Participating securities		11		11		11		11
Average common shares(1)		19,780		20,388		19,897		20,359
Basic earnings per common share	$	0.62	$	0.54		1.19		1.12
Diluted Earnings Per Share:
Net income allocated to common shareholders	$	12,198	$	11,108	$	23,679	$	22,844
Weighted average common shares outstanding for basic earnings per common share(1)		19,780		20,388		19,897		20,359
Add: Dilutive effects of stock options		80		104		79		107
Average shares and dilutive potential common shares(1)		19,860		20,492		19,976		20,466
Diluted earnings per common share	$	0.61	$	0.54		1.19		1.12