Earnings Per Common Share

12 Months Ended

Dec. 31, 2018

(17.)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.

	2018			2017			2016
Net income available to common shareholders	$	38,065		$	32,064		$	30,469
Weighted average common shares outstanding:
Total shares issued		16,056			15,235			14,689
Unvested restricted stock awards		(8	)		(47	)		(75	)
Treasury shares		(138	)		(144	)		(178	)
Total basic weighted average common shares outstanding		15,910			15,044			14,436
Incremental shares from assumed:
Exercise of stock options		2			9			20
Vesting of restricted stock awards		44			32			35
Total diluted weighted average common shares outstanding		15,956			15,085			14,491

Basic earnings per common share	$	2.39		$	2.13		$	2.11
Diluted earnings per common share	$	2.39		$	2.13		$	2.10

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	-	-	-
Restricted stock awards	6	1	2
Total	6	1	2

There were no participating securities outstanding for the years ended December 2018, 2017 and 2016; therefore, the two-class method of calculating basic and diluted EPS was not applicable for the years presented.