Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Net Income Per Common Share

	Six Months Ended June 30				Three Months Ended June 30
(Dollars in thousands except shares and per share data)	2020		2019		2020		2019
Numerator for basic earnings per share:
Net income from continuing operations	$	19,082	$	18,123	$	18,034	$	14,931
Less: Dividends on preferred stock	229		243		115		122
Net income from continuing operations available to common shareholders - basic	18,853		17,880		17,919		14,809
Net income from discontinued operations available to common shareholders - basic and diluted	—		446		—		446
Net income available to common shareholders - basic	$	18,853	$	18,326	$	17,919	$	15,255
Numerator for diluted earnings per share:
Net income from continuing operations available to common shareholders - basic	$	18,853	$	17,880	$	17,919	$	14,809
Add: Dividends on convertible preferred stock	—		243		—		122
Add: Interest on subordinated debt (tax effected)	—		346		—		174
Net income from continuing operations available to common shareholders - diluted	$	18,853	$	18,469	$	17,919	$	15,105
Denominator:
Total average shares outstanding	11,948,790		11,625,903		11,954,813		11,644,061
Effect of dilutive convertible preferred stock	—		489,625		—		489,625
Effect of dilutive convertible subordinated debt	—		775,000		—		775,000
Effect of dilutive stock options and restricted stock units	207,424		249,084		57,032		246,616
Total diluted average shares outstanding	12,156,214		13,139,612		12,011,845		13,155,302
Earnings per share from continuing operations - basic	$	1.58	$	1.54	$	1.50	$	1.27
Earnings per share from discontinued operations - basic	$	—	$	0.04	$	—	$	0.04
Earnings per share - basic	$	1.58	$	1.58	$	1.50	$	1.31
Earnings per share from continuing operations - diluted	$	1.55	$	1.41	$	1.49	$	1.15
Earnings per share from discontinued operations - diluted	$	—	$	0.03	$	—	$	0.03
Earnings per share - diluted	$	1.55	$	1.44	$	1.49	$	1.18