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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share
The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share.
 
 
Three Months Ended 
 March 31,
(Dollars in thousands - except per share amounts)
 
2016
 
2015
Distributed earnings allocated to common stock
 
$
4,686

 
$
4,296

Undistributed earnings allocated to common stock
 
9,017

 
9,063

Net earnings allocated to common stock
 
13,703

 
13,359

Net earnings allocated to participating securities
 
115

 
152

Net income allocated to common stock and participating securities
 
$
13,818

 
$
13,511

 
 
 
 
 
Weighted average shares outstanding for basic earnings per common share*
 
25,923,530

 
26,258,273

Dilutive effect of stock compensation
 
—

 
—

Weighted average shares outstanding for diluted earnings per common share*
 
25,923,530

 
26,258,273

 
 
 
 
 
Basic earnings per common share*
 
$
0.53

 
$
0.51

Diluted earnings per common share*
 
$
0.53

 
$
0.51

 
*Three months ended March 31, 2015 outstanding shares and per common share figures have been adjusted for 10% stock dividend declared July 22, 2015 and issued on August 14, 2015.