EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per share:



	Three months ended				Nine months ended
	September 30,				September 30,
(Dollars in thousands, except per share data)	2017		2016		2017		2016
Numerator
Net income available to common shareholders	$	24,826	$	22,850	$	71,976	$	65,232

Denominator
Basic earnings per common share - weighted average shares	61,577,619		61,280,283		61,507,160		61,170,845
Effect of dilutive securities
Employee stock awards	552,774		740,977		617,128		736,659
Warrants	59,244		64,807		61,586		55,457
Diluted earnings per common share - adjusted weighted average shares	62,189,637		62,086,067		62,185,874		61,962,961

Earnings per share available to common shareholders
Basic	$	0.40	$	0.37	$	1.17	$	1.07
Diluted	$	0.40	$	0.37	$	1.16	$	1.05

Warrants to purchase 105,832 and 141,913 shares of the Company's common stock were outstanding as of September 30, 2017 and 2016, respectively. These warrants, each representing the right to purchase one share of common stock, no par value per share, have an exercise price of $12.12 and expire on December 23, 2018.

Stock options and warrants with exercise prices greater than the average market price of the common shares were not included in the computation of net income per diluted share, as they would have been antidilutive. Using the end of period price, there were no antidilutive options at September 30, 2017 and September 30, 2016.