Three Months Ended

Nine Months Ended

September 30,

(In thousands, except per share data)

2017

2016

2017

2016

Net Income

$

9,443

$

8,851

$

27,455

$

26,331

Dividends paid on and earnings allocated to participating securities

(197

)

(188

)

(557

)

(542

)

Income attributable to common stock

$

9,246

$

8,663

$

26,898

$

25,789

Weighted average common shares outstanding, including participating securities

19,793

17,537

19,748

17,511

Weighted average participating securities

(412

)

(372

)

(405

)

(365

)

Weighted average common shares outstanding

19,381

17,165

19,343

17,146

Basic earnings per common share

$

0.48

$

0.50

$

1.39

$

1.50

Income attributable to common stock

$

9,246

$

8,663

$

26,898

$

25,789

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

-

219

32

661

Income attributable to common stock including assumed conversions

$

9,246

$

8,882

$

26,930

$

26,450

Weighted average common shares outstanding

19,381

17,165

19,343

17,146

Incremental shares from assumed conversions of options and restricted stock units

25

15

21

11

Incremental shares from assumed conversions of 8.5% trust preferred securities

-

546

23

531

Weighted average common and equivalent shares outstanding

19,406

17,726

19,387

17,688

Diluted earnings per common share

$

0.48

$

0.50

$

1.39

$

1.50