Earnings Per Common Share

12 Months Ended

Dec. 31, 2016

Earnings Per Common Share [Abstract]

(16.) EARNINGS PER COMMON SHARE

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS for each of the years ended December 31 (in thousands, except per share amounts). All outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities.


		2016			2015			2014
Net income available to common shareholders	$	30,469		$	26,875		$	27,893
Weighted average common shares outstanding:
Total shares issued		14,689			14,398			14,261
Unvested restricted stock awards		(75	)		(93	)		(64	)
Treasury shares		(178	)		(224	)		(304	)
Total basic weighted average common shares outstanding		14,436			14,081			13,893
Incremental shares from assumed:
Exercise of stock options		20			24			26
Vesting of restricted stock awards		35			30			27
Total diluted weighted average common shares outstanding		14,491			14,135			13,946

Basic earnings per common share	$	2.11		$	1.91		$	2.01
Diluted earnings per common share	$	2.10		$	1.90		$	2.00

For each of the periods presented, average shares subject to the following instruments were excluded from the computation of diluted EPS because the effect would be antidilutive:


Stock options	-	-	3
Restricted stock awards	2	1	1
Total	2	1	4

There were no participating securities outstanding for the years ended December 2016, 2015 and 2014; therefore, the two-class method of calculating basic and diluted EPS was not applicable for the years presented.