Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

Basic earnings per common share are calculated by dividing net income allocable to common stock by the weighted average number of common shares, excluding participating securities, during the period. Diluted earnings per common share include the dilutive effect of additional potential shares from stock compensations awards.

	Three Months Ended
(in thousands, except share and per share data)	03/31/2016			03/31/2015
Basic
Net income available to common shareholders	$	14,180		$	12,680
Less: dividends and undistributed earnings allocated to unvested restricted stock awards		(229	)		(182	)
Net earnings allocated to common shareholders		13,951			12,498
Weighted average shares outstanding, including participating securities		15,002,332			14,920,648
Less: average participating securities		(242,056	)		(219,251	)
Weighted average shares outstanding - Basic		14,760,276			14,701,397
Diluted
Net earnings allocated to common shareholders		13,956			12,498
Weighted average shares outstanding - Basic		14,760,276			14,701,397
Dilutive effect of common stock options or restricted stock awards		145,643			136,538
Weighted average shares outstanding - Diluted		14,905,919			14,837,935
Basic EPS		0.95			0.85
Diluted EPS		0.94			0.84