For the three months ended

September 30,

For the nine months ended

September 30,

2015

2014

2015

2014

(In thousands, except per share data)

Net income, as reported

$

11,008

$

11,201

$

34,575

$

33,182

Divided by:

Weighted average common shares outstanding

28,927

29,772

29,188

29,937

Weighted average common stock equivalents

19

24

21

31

Total weighted average common shares outstanding and common stock equivalents

$

28,946

$

29,796

$

29,209

$

29,968

Basic earnings per common share

$

0.38

$

0.38

$

1.18

$

1.11

Diluted earnings per common share⁽¹⁾

$

0.38

$

0.38

$

1.18

$

1.11

Dividend payout ratio

42.1

%

39.5

%

40.7

%

40.5

%