Basis of presentation (Tables)

6 Months Ended

Jun. 30, 2020

The following is a summary of the basic and diluted earnings per common share calculation for each of the periods presented:


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Basic earnings per common share calculation:
Net income	$	22,873	$	18,688	$	23,618	$	38,276
Dividends paid on and undistributed earnings allocated to participating securities	—		(100)		—		(205)
Earnings attributable to common shareholders	$	22,873	$	18,588	$	23,618	$	38,071
Weighted-average basic shares outstanding	32,094,274		30,859,596		31,676,004		30,823,341
Basic earnings per common share	$	0.71	$	0.60	$	0.75	$	1.24
Diluted earnings per common share:
Earnings attributable to common shareholders	$	22,873	$	18,588	$	23,618	$	38,071
Weighted-average basic shares outstanding	32,094,274		30,859,596		31,676,004		30,823,341
Weighted-average diluted shares contingently issuable⁽¹⁾	412,143		518,422		433,190		525,625
Weighted-average diluted shares outstanding	32,506,417		31,378,018		32,109,194		31,348,966
Diluted earnings per common share	$	0.70	$	0.59	$	0.74	$	1.21

¹Excludes 352,888 restricted stock units outstanding considered to be antidilutive for the three and six months ended June 30, 2020.

A summary of the impact to the consolidated balance sheet as of the adoption date is presented in the table below:


	Balance before adoption of ASC 326		Cumulative effective adjustment to adopt ASC 326		Impact of the adjustment to adopt ASC 326	Balance at January 1, 2020 (post ASC 326 adoption)
ASSETS
Loans	$	4,409,642	$	558	Increase	$	4,410,200
Allowance for credit losses	(31,139)		(31,446)		Increase	(62,585)
Total impact to assets			$	(30,888)	Net decrease
LIABILITIES AND EQUITY
Allowance for credit losses on unfunded commitments	$	—	$	2,947	Increase	$	2,947
Net deferred tax liability	20,490		(8,817)		Decrease	11,673
Retained earnings	293,524		(25,018)		Decrease	268,506
Total impact to liabilities and equity			$	(30,888)	Net decrease