Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE

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EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2017
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 13 - EARNINGS PER COMMON SHARE

A reconciliation of the numerators and denominators of basic and diluted earnings per common share are as follows (dollars in thousands, except per share data):
 
   
2017
    
2016
    
2015
  
Net income available to common shares
  
$
16,292
    
$
15,951
    
$
12,794
  
                         
Weighted average shares outstanding, including participating stock awards - Basic
    
33,946,520
      
33,922,548
      
33,872,814
  
                         
Dilutive potential common shares:
                        
Stock options
    
6,352
      
---
      
---
  
Stock warrants
    
---
      
---
      
---
  
Weighted average shares outstanding - Diluted
    
33,952,872
      
33,922,548
      
33,872,814
  
                         
Basic earnings per common share
  
$
0.48
    
$
0.47
    
$
0.38
  
                         
Diluted earnings per common share
  
$
0.48
    
$
0.47
    
$
0.38
  

Stock options for 53,000 and 102,299 shares of common stock were not considered in computing diluted earnings per share for 2016 and 2015, respectively, because they were antidilutive.   There were no antidilutive stock options for 2017.