EX-11 2 ex11.htm EXHIBIT 11 ex11.htm
Exhibit 11
 
Statement re Computation of Per Share Earnings
 
The composition of basic and diluted earnings per share were as follows for:
 
(Dollars in thousands, except per share amounts)
 
   
Three months ended
June 30,
    
Six months ended
June 30,
  
   
2012
    
2011
    
2012
    
2011
  
Net income available to common stockholders
   $ 8,473     $ 8,439     $ 15,586     $ 11,153  
                                 
Weighted average number of common shares outstanding
     41,319,057       40,234,242       41,316,958       40,109,268  
Effect of stock options
     143,537       203,781       160,906       175,981  
Weighted average diluted number of common shares outstanding
     41,462,594       40,438,023       41,477,864       40,285,249  
                                 
Basic earnings per share
   $ 0.21     $ 0.21     $ 0.38     $ 0.28  
Diluted earnings per share
   $ 0.20     $ 0.21     $ 0.38     $ 0.28