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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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 
 June 30,
 
Six Months Ended 
 June 30,
(Dollars in thousands - except per share amounts)
 
2016
 
2015
 
2016
 
2015
Distributed earnings allocated to common stock
 
$
4,653

 
$
4,293

 
$
9,339

 
$
8,589

Undistributed earnings allocated to common stock
 
9,728

 
11,186

 
18,745

 
20,249

Net earnings allocated to common stock
 
14,381

 
15,479

 
28,084

 
28,838

Net earnings allocated to participating securities
 
98

 
151

 
213

 
303

Net income allocated to common stock and participating securities
 
$
14,479

 
$
15,630

 
$
28,297

 
$
29,141

 
 
 
 
 
 
 
 
 
Weighted average shares outstanding for basic earnings per common share*
 
25,853,537

 
26,212,999

 
25,888,534

 
26,235,511

Dilutive effect of stock compensation
 
—

 
—

 
—

 
—

Weighted average shares outstanding for diluted earnings per common share*
 
25,853,537

 
26,212,999

 
25,888,534

 
26,235,511

 
 
 
 
 
 
 
 
 
Basic earnings per common share*
 
$
0.56

 
$
0.59

 
$
1.08

 
$
1.10

Diluted earnings per common share*
 
$
0.56

 
$
0.59

 
$
1.08

 
$
1.10

 
*Three and six months ended June 30, 2015 outstanding shares and per common share figures have been adjusted for a 10% stock dividend declared July 22, 2015 and issued on August 14, 2015.