Three months ended,

Six months ended

June 30,

(In thousands, except per share data)

2016

2015

2016

2015

Net Income

$

8,854

$

463

$

17,480

$

5,226

Dividends paid on and earnings allocated to participating securities

(181

)

(16

)

(351

)

(131

)

Income attributable to common stock

$

8,673

$

447

$

17,129

$

5,095

Weighted average common shares outstanding, including participating securities

17,507

12,488

17,493

12,106

Weighted average participating securities

(358

)

(305

)

(356

)

(303

)

Weighted average common shares outstanding

17,149

12,183

17,137

11,803

Basic earnings per common share

$

0.51

$

0.04

$

1.00

$

0.43

Income attributable to common stock

$

8,673

$

447

$

17,129

$

5,095

Impact of assumed conversions - interest on 8.5% trust preferred securities

223

-

444

-

Income attributable to common stock including assumed conversions

$

8,896

$

447

$

17,573

$

5,095

Weighted average common shares outstanding

17,149

12,183

17,137

11,803

Incremental shares from assumed conversions of options and restricted stock units

14

3

9

3

Incremental shares from assumed conversions of 8.5% trust preferred securities

530

-

523

-

Weighted average common and equivalent shares outstanding

17,693

12,186

17,669

11,806

Diluted earnings per common share

$

0.50

$

0.04

$

0.99

$

0.43