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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

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


		Three months ended								Six months ended
		June 30,								June 30,
		2017				2016				2017				2016
Basic earnings per common share computation:
Net income per consolidated statements of income		$	6,683				$4,065			$	13,163			$	9,084
Net earnings allocated to participating securities			(40	)			(27	)			(78	)			(60	)

Net earnings allocated to common stock		$	6,643			$	4,038			$	13,085			$	9,024

Distributed earnings allocated to common stock		$	2,507			$	2,369			$	5,015			$	4,737
Undistributed earnings allocated to common stock			4,136				1,669				8,070				4,287


Net earnings allocated to common stock		$	6,643			$	4,038				13,085			$	9,024

Weighted average common shares outstanding, including shares considered participating securities			15,294				14,460				15,138				14,448
Less: Average participating securities			(88	)			(92	)			(87	)			(86	)

Weighted average shares			15,206				14,368				15,051				14,362

Basic earnings per common share		$	0.44			$	0.28			$	0.87			$	0.63

Diluted earnings per common share computation:
Net earnings allocated to common stock		$	6,643			$	4,038			$	13,085			$	9,024

Weighted average shares and dilutive potential common shares			15,206				14,368				15,051				14,362

Diluted earnings per common share		$	0.44			$	0.28			$	0.87			$	0.63