| Schedule of computation of basic and diluted earnings per share |
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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September 30,
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September 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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7,302
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$
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15,548
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$
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28,908
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$
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29,035
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Less income allocated to participating securities
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101
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214
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390
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405
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Net income allocated to common shareholders
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$
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7,201
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$
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15,334
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$
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28,518
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$
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28,630
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Weighted average common shares outstanding
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22,501,640
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22,362,787
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22,473,642
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22,314,198
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$
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0.32
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$
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0.69
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$
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1.27
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$
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1.28
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Earnings per common share assuming dilution
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Net income
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$
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7,302
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$
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15,548
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$
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28,908
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$
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29,035
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Less income allocated to participating securities
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101
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214
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390
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405
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Net income allocated to common shareholders
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$
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7,201
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$
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15,334
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$
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28,518
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$
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28,630
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Weighted average common shares outstanding
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22,501,640
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22,362,787
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22,473,642
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22,314,198
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Incremental shares applicable to stock based compensation
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-
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10,564
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-
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15,897
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Weighted average common shares assuming dilution
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22,501,640
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22,373,351
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22,473,642
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22,330,095
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$
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0.32
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$
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0.68
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$
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1.26
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$
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1.27
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