Basic earnings per common share

Net income

$

21,158

$

7,960

$

52,913

$

34,062

Less: Distributed and undistributed earnings allocated to nonvested shares

409

179

1,055

776

Net income allocated to common shareholders

$

20,749

$

7,781

$

51,858

$

33,286

Weighted average common shares outstanding

23,077,046

23,040,878

23,097,141

23,097,566

$

0.90

$

0.34

$

2.25

$

1.44

Diluted earnings per common share

Net income allocated to common shareholders - basic

$

20,749

$

7,781

$

51,858

$

33,286

Add: Undistributed earnings allocated to nonvested shareholders

275

23

643

299

Net income allocated to common shareholders - diluted

$

21,024

$

7,804

$

52,501

$

33,585

Weighted average common shares outstanding - basic

23,077,046

23,040,878

23,097,141

23,097,566

Dilutive effect of participating securities

455,750

529,829

472,772

537,973

Weighted average common shares outstanding - diluted

23,532,796

23,570,707

23,569,913

23,635,539

$

0.89

$

0.33

$

2.23

$

1.42