EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2016

NOTE 20 – EARNINGS PER SHARE

Following are the factors used in the earnings per share computations:

(dollars in thousand except share and per share data)	2016		2015		2014
Basic earnings per common share:
Net income	$	52,084	$	46,367	$	43,805
Weighted-average common shares outstanding		25,056,095		24,926,354		24,803,295
Basic earnings per common share	$	2.08	$	1.86	$	1.77
Diluted earnings per common share:
Net income	$	52,084	$	46,367	$	43,805
Weighted-average common shares outstanding for
basic earnings per common share		25,056,095		24,926,354		24,803,295
Add: Dilutive effect of assumed exercise of warrant		184,205		156,563		138,821
Add: Dilutive effect of assumed exercises of stock options
and awards		220,427		162,652		230,067
Average shares and dilutive potential common shares		25,460,727		25,245,568		25,172,183
Diluted earnings per common share	$	2.05	$	1.84	$	1.74

There were no antidilutive stock options for 2016, 2015 and 2014.

Share and per share data has been adjusted for a 3-for-2 stock split July 25, 2016 in the form of a stock dividend on August 5, 2016.