Shareholders' Equity and Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

Shareholders' Equity and Earnings Per Common Share [Abstract]

Reconciliation of basic and diluted net income per share

A reconciliation of basic and diluted net income per common share follows:

	Three Months Ended March 31,
	2017		2016
	(In thousands, except per share amounts)
Net income	$	5,974	$	4,100
Weighted average shares outstanding (1)		21,308		21,751
Effect of stock options		152		112
Stock units for deferred compensation plan for non-employee directors		119		113
Performance share units		60		-
Restricted stock units		-		86
Weighted average shares outstanding for calculation of diluted earnings per share		21,639		22,062
Net income per common share
Basic (1)	$	0.28	$	0.19
Diluted	$	0.28	$	0.19

(1) Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.