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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Calculation for Basic and Diluted Earnings per Common Share

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:

 

     Year Ended December 31,  
(Amounts in thousands, except share and per share data)    2015      2014      2013  

Net income

   $ 24,540       $ 25,490       $ 23,312   

Dividends on preferred stock

     105         910         1,024   
  

 

 

    

 

 

    

 

 

 

Net income available to common shareholders

   $ 24,435       $ 24,580       $ 22,288   
  

 

 

    

 

 

    

 

 

 

Weighted average number of common shares outstanding, basic

     18,531,039         18,406,363         19,792,099   

Dilutive effect of potential common shares from:

        

Stock options

     26,487         18,607         19,337   

Restricted stock

     2,996         461         5,014   

Convertible preferred stock

     166,942         1,046,175         1,132,998   

Contingently issuable shares

     —           11,448         12,352   
  

 

 

    

 

 

    

 

 

 

Weighted average number of common shares outstanding, diluted

     18,727,464         19,483,054         20,961,800   
  

 

 

    

 

 

    

 

 

 

Basic earnings per common share

   $ 1.32       $ 1.34       $ 1.13   

Diluted earnings per common share

   $ 1.31       $ 1.31       $ 1.11   

Antidilutive potential common shares:

        

Stock options

     127,882         222,651         317,420   

Restricted stock

     —           —           271   
  

 

 

    

 

 

    

 

 

 

Total potential antidilutive shares

     127,882         222,651         317,691