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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

 

For the Three Months Ended

June 30,

 

 

For the Six Months Ended

June 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

(Dollars in thousands, except per share data)

 

Net income per consolidated statements of income

$

8,189

 

 

$

5,330

 

 

$

9,727

 

 

$

8,650

 

Net income allocated to participating securities

 

(49

)

 

 

(40

)

 

 

(61

)

 

 

(55

)

Net income allocated to common stock

$

8,140

 

 

$

5,290

 

 

$

9,666

 

 

$

8,595

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributed earnings allocated to common stock

$

1,483

 

 

$

1,180

 

 

$

2,962

 

 

$

2,368

 

Undistributed earnings allocated to common stock

 

6,657

 

 

 

4,110

 

 

 

6,704

 

 

 

6,227

 

Net income allocated to common stock

$

8,140

 

 

$

5,290

 

 

$

9,666

 

 

$

8,595

 

Weighted average common shares outstanding, including shares

   considered participating securities

 

49,691

 

 

 

47,223

 

 

 

49,158

 

 

 

47,405

 

Less: Average participating securities

 

(299

)

 

 

(354

)

 

 

(309

)

 

 

(299

)

Weighted average shares

 

49,392

 

 

 

46,869

 

 

 

48,849

 

 

 

47,106

 

Basic earnings per common share

$

0.16

 

 

$

0.11

 

 

$

0.20

 

 

$

0.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to common stock

$

8,140

 

 

$

5,290

 

 

$

9,666

 

 

$

8,595

 

Weighted average common shares outstanding for basic

   earnings per common share

 

49,392

 

 

 

46,869

 

 

 

48,849

 

 

 

47,106

 

Add: Dilutive effects of assumed exercises of stock options and LTIP

   awards

 

403

 

 

 

248

 

 

 

398

 

 

 

247

 

Weighted average shares and dilutive potential common shares

 

49,795

 

 

 

47,117

 

 

 

49,247

 

 

 

47,353

 

Diluted earnings per common share

$

0.16

 

 

$

0.11

 

 

$

0.20

 

 

$

0.18