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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted earnings per share:
 
 
For the Years Ended December 31,
 
2013
2012
2011
(in thousands, except per share amounts)
Income
Weighted-average Shares
Per Share
Amount
Income
Weighted-average Shares
Per Share
Amount
Income
Weighted-average Shares
Per Share
Amount
Basic earnings per share:
 
 
 
 
 
 
 
 
 
Net income
$
17,260

 
 
$
10,894

 
 
$
289

 
 
Preferred stock dividends
(80
)
 
 
(80
)
 
 
(80
)
 
 
Income available to
common stockholders
17,180

14,142

$
1.21

10,814

14,128

$
0.77

209

13,919

$
0.02

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 

Stock options
 
148

 
 

 
 

 

Diluted earnings per share:
 

 

 

 

 

 

 

 

 

Income available to
 common stockholders plus
assumed conversions
$
17,180

14,290

$
1.20

$
10,814

14,128

$
0.77

$
209

13,919

$
0.02