Note 6 - Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

	Three Months Ended June 30						Six Months Ended June 30
	2012			2011			2012			2011
(in thousands, except for share and per share amounts)
Basic:
Weighted average common shares outstanding		13,845,516			13,796,715			13,842,797			13,738,748
Net income	$	13,614		$	13,611		$	26,290		$	32,335
Dividends to preferred stockholders		(2,168	)		(2,168	)		(4,336	)		(4,336	)
Net income available to common stockholders		11,446			11,443			21,954			27,999
Earnings per common share, basic	$	.83		$	.83		$	1.59		$	2.04
Diluted:
Weighted average common shares outstanding		13,845,516			13,796,715			13,842,797			13,738,748
Dilutive effect of stock options		9,126			14,368			9,500			14,464
Dilutive effect of restricted stock		3,431			5,108			5,805			6,939
Dilutive effect of contingent issuable stock		117,000			–			83,572			–
Convertible preferred stock		–			–			–			2,623,552
Assumed average common shares outstanding		13,975,073			13,816,191			13,941,674			16,383,703
Net income available to common stockholders	$	11,446		$	11,443		$	21,954		$	27,999
Add dilutive preferred stock dividends for effect of assumed conversion of preferred stock		–			–			–			4,336
Net income for diluted earnings per common share		11,446			11,443			21,954			32,335
Earnings per common share, diluted	$	.82		$	.83		$	1.57		$	1.97