Basic earnings per common share

Net income

$

25,379

$

25,954

$

31,755

$

26,102

Less: Distributed and undistributed earnings allocated to nonvested shares

510

592

642

599

Net income allocated to common shareholders

$

24,869

$

25,362

$

31,113

$

25,503

Weighted average common shares outstanding

23,116,515

23,131,151

23,107,356

23,126,379

$

1.08

$

1.10

$

1.35

$

1.10

Diluted earnings per common share

Net income allocated to common shareholders - basic

$

24,869

$

25,362

$

31,113

$

25,503

Add: Undistributed earnings allocated to nonvested shareholders

370

436

364

278

Net income allocated to common shareholders - diluted

$

25,239

$

25,798

$

31,477

$

25,781

Weighted average common shares outstanding - basic

23,116,515

23,131,151

23,107,356

23,126,379

Dilutive effect of participating securities

473,523

542,878

481,424

542,112

Weighted average common shares outstanding - diluted

23,590,038

23,674,029

23,588,780

23,668,491

$

1.07

$

1.09

$

1.33

$

1.09