Basic earnings per common share

Net income

$

7,960

$

32,258

$

34,062

$

48,244

Less: Distributed and undistributed earnings allocated to nonvested shares

179

672

776

882

Net income allocated to common shareholders

$

7,781

$

31,586

$

33,286

$

47,362

Weighted average common shares outstanding

23,040,878

23,094,047

23,097,566

23,065,924

$

0.34

$

1.37

$

1.44

$

2.05

Diluted earnings per common share

Net income allocated to common shareholders - basic

$

7,781

$

31,586

$

33,286

$

47,362

Add: Undistributed earnings allocated to nonvested shareholders

23

519

299

479

Net income allocated to common shareholders - diluted

$

7,804

$

32,105

$

33,585

$

47,841

Weighted average common shares outstanding - basic

23,040,878

23,094,047

23,097,566

23,065,924

Dilutive effect of participating securities

529,829

483,836

537,973

410,115

Weighted average common shares outstanding - diluted

23,570,707

23,577,883

23,635,539

23,476,039

$

0.33

$

1.36

$

1.42

$

2.04