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Earnings per Common Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings per Common Share
Earnings per Common Share
 
Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period. Diluted earnings per common share takes into account the potential dilution that would occur if in-the-money stock options were exercised and converted into common shares and restricted stock awards and performance-based stock awards were vested. Proceeds assumed to have been received on option exercises are assumed to be used to purchase shares of the Corporation’s common stock at the average market price during the period, as required by the treasury stock method of accounting. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be antidilutive.
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(dollars in thousands except share and per share data)
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 

 

Net income available to common shareholders
$
14,688

 
$
9,433

 
$
29,974

 
$
18,477

Denominator for basic earnings per share – weighted average shares outstanding
20,238,852

 
16,984,563

 
20,221,010

 
16,969,431

Effect of dilutive common shares
174,726

 
248,204

 
206,782

 
238,381

Denominator for diluted earnings per share – adjusted weighted average shares outstanding
20,413,578

 
17,232,767

 
20,427,792

 
17,207,812

Basic earnings per share
$
0.73

 
$
0.56

 
$
1.48

 
$
1.09

Diluted earnings per share
$
0.72

 
$
0.55

 
$
1.47

 
$
1.07

Antidilutive shares excluded from computation of average dilutive earnings per share
1,422

 

 
2,495