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Earnings Per Common Share ("EPS") (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Reconciliation Of Earnings And Shares Used In Calculating Basic And Diluted EPS

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts).

 

 

 

Three months ended

June 30,

 

 

Six months ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income available to common shareholders

 

$

11,035

 

 

$

11,804

 

 

$

22,191

 

 

$

20,727

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total shares issued

 

 

16,088

 

 

 

16,056

 

 

 

16,072

 

 

 

16,056

 

Unvested restricted stock awards

 

 

(4

)

 

 

(4

)

 

 

(4

)

 

 

(12

)

Treasury shares

 

 

(114

)

 

 

(146

)

 

 

(118

)

 

 

(146

)

Total basic weighted average common shares outstanding

 

 

15,970

 

 

 

15,906

 

 

 

15,950

 

 

 

15,898

 

Incremental shares from assumed:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise of stock options

 

 

 

 

 

3

 

 

 

 

 

 

5

 

Vesting of restricted stock awards

 

 

45

 

 

 

39

 

 

 

47

 

 

 

42

 

Total diluted weighted average common shares outstanding

 

 

16,015

 

 

 

15,948

 

 

 

15,997

 

 

 

15,945

 

Basic earnings per common share

 

$

0.69

 

 

$

0.74

 

 

$

1.39

 

 

$

1.30

 

Diluted earnings per common share

 

$

0.69

 

 

$

0.74

 

 

$

1.39

 

 

$

1.30

 

Shares Excluded From Computation Of Diluted EPS

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

 

 

7

 

 

 

7

 

 

 

8

 

 

 

6

 

Total

 

 

7

 

 

 

7

 

 

 

8

 

 

 

6