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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2019
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share:
|  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
(in thousands except per share data) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,269 |  |  | $ | 16,106 |  |  | $ | 48,532 |  |  | $ | 43,519 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares |  |  | 17,726 |  |  |  | 17,691 |  |  |  | 17,720 |  |  |  | 17,683 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Effect of dilutive stock options and restricted stock grants |  |  | 17 |  |  |  | 19 |  |  |  | 13 |  |  |  | 17 |
Adjusted weighted average shares |  |  | 17,743 |  |  |  | 17,710 |  |  |  | 17,733 |  |  |  | 17,700 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 0.86 |  |  | $ | 0.91 |  |  | $ | 2.74 |  |  | $ | 2.46 |
Diluted earnings per share |  |  | 0.86 |  |  |  | 0.91 |  |  |  | 2.74 |  |  |  | 2.46 |
Note 11 – Accumulated Other Comprehensive Income Unrealized gains on AFS securities Amounts reclassified from accumulated other comprehensive income (AOCI) and the affected line items in the statements of income during the three and nine months ended September 30, 2019 and 2018 were:
|  | Amounts Reclassified from AOCI |
(in thousands) |  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Affected line item in the statements of income |  |  |  |  |  |  |  |  |  |  |  |
Securities gains (losses) |  | $ | (2 | ) |  | $ | (2 | ) |  | $ | 4 |  |  | $ | 149 |
Tax expense (benefit) |  |  | (1 | ) |  |  | 0 |  |  |  | 1 |  |  |  | 32 |
Total reclassifications out of AOCI |  | $ | (1 | ) |  | $ | (2 | ) |  | $ | 3 |  |  | $ | 117 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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