Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2016

Earnings per Share

Schedule of computation of basic and diluted earnings per share

		2016		2015		2014
Basic earnings per common share
Net income	$	39,009	$	44,176	$	39,961
Less income allocated to participating securities		540		604		609
Net income allocated to common shareholders	$	38,469	$	43,572	$	39,352
Weighted average common shares outstanding		22,480,679		22,329,044		22,168,500
	$	1.71	$	1.95	$	1.78
Earnings per common share assuming dilution
Net income	$	39,009	$	44,176	$	39,961
Less income allocated to participating securities		540		604		609
Net income allocated to common shareholders	$	38,469	$	43,572	$	39,352
Weighted average common shares outstanding		22,480,679		22,329,044		22,168,500
Incremental shares applicable to stock based compensation		-		12,731		20,346
Weighted average common shares assuming dilution		22,480,679		22,341,775		22,188,846
	$	1.70	$	1.94	$	1.77