Note 5 - Net Income per Common Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Text Block]

5. Net Income per Common Share

The calculation of net income per common share for nine and three months ended September 30, 2012 and 2011 was as follows.

	Nine Months Ended September 30,				Three Months Ended September 30,
(dollars and shares in thousands, except per share data)	2012		2011		2012		2011
Basic:
Net income available to common shareholders	$	24,666	$	16,015	$	9,533	$	6,328
Average common shares outstanding		20,489		19,806		21,053		19,868
Basic net income per common  share	$	1.20	$	0.81	$	0.45	$	0.32
Diluted:
Net income available to common shareholders	$	24,666	$	16,015	$	9,533	$	6,328
Average common shares outstanding		20,489		19,806		21,053		19,868
Adjustment for common share equivalents		525		452		553		413
Average common shares outstanding-diluted		21,014		20,258		21,606		20,281
Diluted net income per common share	$	1.17	$	0.79	$	0.44	$	0.31
Anti-dilutive shares		114,256		198,225		114,256		198,482