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Note 3 - Earnings Per Share
 3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
3.
Earnings Per Share
 
Earnings per common share have been computed based on the following:
 
 
 
For the three months ended
 
 
March 31,
 
 
2018
 
2017
 
 
(Dollars in thousands, except per share data)
Net income, as reported
 
$
11,412
 
 
$
12,260
 
Divided by:
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
28,974
 
 
 
29,019
 
Weighted average common stock equivalents
 
 
1
 
 
 
4
 
Total weighted average common shares outstanding and common stock equivalents
 
 
28,975
 
 
 
29,023
 
 
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.39
 
 
$
0.42
 
Diluted earnings per common share
(1)
 
$
0.39
 
 
$
0.42
 
Dividend payout ratio
 
 
51.3
%
 
 
42.9
%
 
(
1
)
For the
three
months ended
March 31, 2018
and
2017,
there were
no
common stock equivalents that were anti-dilutive.