Earnings Per Common Share

6 Months Ended

Jun. 30, 2019

Earnings per Common Share

The following table presents the calculation of earnings per common share:



(Dollars and shares in thousands, except per share amounts)
	Three Months						Six Months
Periods ended June 30,	2019			2018			2019			2018
Earnings per common share - basic:
Net income		$17,273			$17,674			$34,768			$33,885
Less dividends and undistributed earnings allocated to participating securities	(35		)	(38		)	(69		)	(76		)
Net income available to common shareholders		$17,238			$17,636			$34,699			$33,809
Weighted average common shares	17,330			17,272			17,317			17,253
Earnings per common share - basic		$0.99			$1.02			$2.00			$1.96
Earnings per common share - diluted:
Net income		$17,273			$17,674			$34,768			$33,885
Less dividends and undistributed earnings allocated to participating securities	(35		)	(38		)	(69		)	(76		)
Net income available to common shareholders		$17,238			$17,636			$34,699			$33,809
Weighted average common shares	17,330			17,272			17,317			17,253
Dilutive effect of common stock equivalents	75			115			86			131
Weighted average diluted common shares	17,405			17,387			17,403			17,384
Earnings per common share - diluted		$0.99			$1.01			$1.99			$1.94

Weighted average common stock equivalents, not included in common stock equivalents above because they were anti-dilutive, totaled 87,950 and 87,863, respectively for the three and six months ended June 30, 2019, compared to 43,871 and 48,956, respectively, for the same periods in 2018.