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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE
 
Basic earnings per common share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations.
 
Three Months Ended March 31,
 
2018
 
2017
 
(In thousands, except share amounts)
Net income applicable to common stock
$
6,583

 
$
7,487

 
 
 
 
Average number of common shares outstanding
26,861,565

 
26,842,047

Less: Average unallocated ESOP shares
(1,964,339
)
 
(2,040,249
)
Less: Average unvested restricted stock awards
(724,989
)
 
(890,379
)
Average number of common shares outstanding used to calculate basic earnings per common share
24,172,237

 
23,911,419

 
 
 
 
Effect of dilutive stock options
432,287

 
139,392

Effect of dilutive unvested restricted stock awards
223,326

 
224,854

Average number of common shares outstanding used to calculate diluted earnings per common share
24,827,850

 
24,275,665

 
 
 
 
Earnings per common share:
 
 
 
Basic
$
0.27

 
$
0.31

Diluted
$
0.27

 
$
0.31



Options for 552,950 and 362,100 shares were not included in the computation of diluted earnings per common share because to do so would have been anti-dilutive for the three months ended March 31, 2018 and 2017, respectively.