Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share

The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share for the three years ending December 31.

(Dollars in thousands - except per share amounts)	2019		2018		2017
Distributed earnings allocated to common stock	$	28,188	$	24,894	$	19,701
Undistributed earnings allocated to common stock	63,254		56,975		47,830
Net earnings allocated to common stock	91,442		81,869		67,531
Net earnings allocated to participating securities	518		545		520
Net income allocated to common stock and participating securities	$	91,960	$	82,414	$	68,051
Weighted average shares outstanding for basic earnings per common share	25,600,138		25,937,599		25,925,820
Dilutive effect of stock compensation	—		—		—
Weighted average shares outstanding for diluted earnings per common share	25,600,138		25,937,599		25,925,820
Basic earnings per common share	$	3.57	$	3.16	$	2.60
Diluted earnings per common share	$	3.57	$	3.16	$	2.60