Note 7 - Net Income per Common Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 7. Net Income per Common Share

The calculation of net income per common share for the six and three months ended June 30, 2014 and 2013 was as follows.

	Six Months Ended				Three Months Ended
	June 30,				June 30,
(dollars and shares in thousands, except per share data)	2014		2013		2014		2013
Basic:
Net income available to common shareholders	$	25,160	$	22,964	$	12,802	$	11,533
Average common shares outstanding		25,955		25,641		25,982		25,742
Basic net income per common share	$	0.97	$	0.90	$	0.49	$	0.45
Diluted:
Net income available to common shareholders	$	25,160	$	22,964	$	12,802	$	11,533
Average common shares outstanding		25,955		25,641		25,982		25,742
Adjustment for common share equivalents		645		593		647		592
Average common shares outstanding-diluted		26,600		26,234		26,629		26,334
Diluted net income per common share	$	0.95	$	0.88	$	0.48	$	0.44
Anti-dilutive shares		21,000		101,466		21,000		95,966