Earnings Per Common Share

12 Months Ended

Dec. 31, 2015

Earnings Per Common Share [Abstract]

Earnings Per Common Share

(16.) EARNINGS PER COMMON SHARE

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS for each of the years ended December 31 (in thousands, except per share amounts). All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities.

		2015			2014			2013
Net income available to common shareholders for EPS	$	26,875		$	27,893		$	24,064
Weighted average common shares outstanding:
Total shares issued		14,398			14,261			14,162
Unvested restricted stock awards		(93	)		(64	)		(69	)
Treasury shares		(224	)		(304	)		(354	)
Total basic weighted average common shares outstanding		14,081			13,893			13,739
Incremental shares from assumed:
Exercise of stock options		24			26			13
Vesting of restricted stock awards		30			27			32
Total diluted weighted average common shares outstanding		14,135			13,946			13,784
Basic earnings per common share	$	1.91		$	2.01		$	1.75
Diluted earnings per common share	$	1.90		$	2.00		$	1.75

For each of the periods presented, average shares subject to the following instruments were excluded from the computation of diluted EPS because the effect would be antidilutive:

Stock options	-	3	122
Restricted stock awards	1	1	2
Total	1	4	124

There were no participating securities outstanding for the years ended December 2015, 2014 and 2013; therefore, the two-class method of calculating basic and diluted EPS was not applicable for the years presented.