| Schedule of computation of basic and diluted earnings per share |
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Three Months Ended
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Six Months Ended
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June 30,
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June 30,
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June 30,
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June 30,
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2016
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2015
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2016
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2015
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Basic earnings per common share
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Net income
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$
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16,328
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$
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13,104
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$
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21,606
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$
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13,487
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Less income allocated to participating securities
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223
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186
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289
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191
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Net income allocated to common shareholders
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$
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16,105
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$
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12,918
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$
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21,317
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$
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13,296
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Weighted average common shares outstanding
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22,501,640
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22,330,740
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22,459,488
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22,289,500
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$
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0.72
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$
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0.58
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$
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0.95
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$
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0.60
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Earnings per common share assuming dilution
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Net income
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$
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16,328
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$
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13,104
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$
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21,606
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$
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13,487
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Less income allocated to participating securities
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223
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186
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289
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191
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Net income allocated to common shareholders
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$
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16,105
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$
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12,918
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$
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21,317
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$
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13,296
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Weighted average common shares outstanding
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22,501,640
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22,330,740
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22,459,488
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22,289,500
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Incremental shares applicable to stock based compensation
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-
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21,241
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-
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21,231
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Weighted average common shares assuming dilution
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22,501,640
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22,351,981
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22,459,488
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22,310,731
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$
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0.71
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$
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0.57
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$
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0.94
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$
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0.59
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