Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2017

The computation of basic and diluted earnings per share is shown below (in thousands except per share data):


	Three months ended
	March 31,
	2017			2016
Basic earnings per common share computation:
Net income per consolidated statements of income	$	6,480		$	5,019
Net earnings allocated to participating securities		(39	)		(31	)

Net earnings allocated to common stock	$	6,441		$	4,988

Distributed earnings allocated to common stock	$	2,508		$	2,369
Undistributed earnings allocated to common stock		3,933			2,619

Net earnings allocated to common stock	$	6,441		$	4,988

Weighted average common shares outstanding, including shares considered participating securities		14,979			14,436
Less: Average participating securities		(86	)		(79	)

Weighted average shares		14,893			14,357

Basic earnings per common share	$	0.43		$	0.35

Diluted earnings per common share computation:
Net earnings allocated to common stock	$	6,441		$	4,988

Weighted average common shares outstanding for basic earnings per common share		14,893			14,357
Add: Dilutive effects of assumed exercises of stock options		0			0

Weighted average shares and dilutive potential common shares		14,893			14,357

Diluted earnings per common share	$	0.43		$	0.35