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Earnings per Common Share | 12 Months Ended
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Dec. 31, 2016
Earnings Per Share [Abstract] |
Earnings per Common Share | Earnings per Common Share Earnings per common share are computed using the two-class method. Basic earnings per common share are computed by dividing net income allocated to common shares by the weighted average number of shares outstanding during the applicable period, excluding outstanding participating securities. Participating securities include unvested restricted shares. Unvested restricted shares are considered participating securities because holders of these securities receive non-forfeitable dividends at the same rate as holders of the Corporation’s common stock. Diluted earnings per share are computed by dividing net income allocated to common shares adjusted for reallocation of undistributed earnings of unvested restricted shares by the weighted average number of shares determined for the basic earnings per common share computation plus the dilutive effect of common stock equivalents using the treasury stock method. Effective November 1, 2014, the Corporation successfully completed the acquisition of Aslin Group, Inc. and Alterra. Under the terms of the definitive agreement, the Corporation issued 720,162 shares, on a post-split basis, to Aslin Group, Inc. shareholders as the stock portion of the consideration paid. This stock issuance impacted the Corporation’s earnings per share by increasing the number of shares outstanding. For the years ended December 31, 2016 and 2015, there were no average anti-dilutive employee share-based awards. For the year ended December 31, 2014, there were four average anti-dilutive employee share-based awards. All shares and earnings per share amounts have been adjusted to reflect the 2-for-1 stock split in the form of a 100% stock dividend completed in August 2015.
|  | For the Year Ended December 31,
|  | 2016 |  | 2015 |  | 2014
| (Dollars in Thousands, Except Share Data)
Basic earnings per common share |  |  |  |  |  |
Net income |  | $ | 14,909 |  |  | $ | 16,514 |  |  | $ | 14,139 |
Less: earnings allocated to participating securities |  | 219 |  |  | 273 |  |  | 294 |
Basic earnings allocated to common shareholders |  | $ | 14,690 |  |  | $ | 16,241 |  |  | $ | 13,845 |
Weighted-average common shares outstanding, excluding participating securities |  | 8,573,722 |  |  | 8,549,176 |  |  | 7,869,956 |
Basic earnings per common share |  | $ | 1.71 |  |  | $ | 1.90 |  |  | $ | 1.76 |
Diluted earnings per common share |  |  |  |  |  |
Earnings allocated to common shareholders |  | $ | 14,690 |  |  | $ | 16,241 |  |  | $ | 13,845 |
Reallocation of undistributed earnings |  | — |  |  | — |  |  | 1 |
Diluted earnings allocated to common shareholders |  | $ | 14,690 |  |  | $ | 16,241 |  |  | $ | 13,846 |
Weighted-average common shares outstanding, excluding participating securities |  | 8,573,722 |  |  | 8,549,176 |  |  | 7,869,956 |
Dilutive effect of share-based awards |  | — |  |  | 1,146 |  |  | 36,811 |
Weighted-average diluted common shares outstanding, excluding participating securities |  | 8,573,722 |  |  | 8,550,322 |  |  | 7,906,767 |
Diluted earnings per common share |  | $ | 1.71 |  |  | $ | 1.90 |  |  | $ | 1.75 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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