Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Significant Accounting Policies [Abstract]

The following tables show the Company’s earnings per share for the periods presented:


	Year ended December 31, 2013
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic earnings per share
Net income available to common shareholders	$ 25,110	37,425,197	$ 0.67
Effect of dilutive securities
Common stock options	-	695,887	(0.01)
Diluted earnings per share
Net income available to common shareholders	$ 25,110	38,121,084	$ 0.66

Stock options for 13,000 shares, exercisable at prices between $20.98 and $25.43 per share, were outstanding at December 31, 2013 but were not included in the dilutive earnings per share computaion because the exercise price per share was greater than the average market price.


	Year ended December 31, 2012
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic earnings per share
Net income available to common shareholders	$ 16,624	33,227,755	$ 0.50
Effect of dilutive securities
Common stock options	-	60,523	-
Diluted earnings per share
Net income available to common shareholders	$ 16,624	33,288,278	$ 0.50

Stock options for 2,401,493 shares, exercisable at prices between $7.36 and $25.43 per share, were outstanding at December 31, 2012 but were not included in the dilutive earnings per share computation because the exercise price per share was greater than the average market price.


	Year ended December 31, 2011
	Income	Shares	Per share
	(numerator)	(denominator)	amount
	(dollars in thousands except per share data)
Basic earnings per share
Net income available to common shareholders	$ 8,918	31,914,955	$ 0.28
Effect of dilutive securities
Common stock options	-	5,777	-
Diluted earnings per share
Net income available to common shareholders	$ 8,918	31,920,732	$ 0.28

Schedule Of Other Comprehensive Income


	For the year ended December 31,
	2013	2012	2011
	(in thousands)
Other comprehensive income
Change in net unrealized gain/(loss) during the period	$ (12,905)	$ 6,198	$ 14,198
Reclassification adjustments for gains included in income	(1,889)	(661)	(759)
Reclassfication adjustment for called security	(133)	297	(846)
Amortization of losses previously held as available-for-sale	30	30	12
Net unrealized gain/(loss) on investment securities	(14,897)	5,864	12,605

Deferred tax expense (benefit)
Securities available-for-sale
Change in net unrealized gain/(loss) during the period	(4,517)	2,169	4,969
Reclassification adjustments for gains included in income	(661)	(232)	(265)
Reclassfication adjustment for called security	(47)	104	(296)
Reclassification adjustments tax rate adjustment	-	-	(27)
Amortization of losses previously held as available-for-sale	11	11	4
Income tax expense related to items of other comprehensive income	(5,214)	2,052	4,385

Other comprehensive income (loss), after tax and net of reclassifications into net income	$ (9,683)	$ 3,812	$ 8,220

Summary Of Gross Carrying Value And Accumulated Amortization Related To The Company's Intangible Items


	December 31,
	2013		2012
	Gross		Gross
	Carrying	Accumulated	Carrying	Accumulated
	Amount	Amortization	Amount	Amortization
	(in thousands)

Customer list intangible	$ 12,006	$ 6,003	$ 12,006	$ 5,003
Software intangible	1,817	208	1,817	18
Total	$ 13,823	$ 6,211	$ 13,823	$ 5,021

Schedule Of Approximate Future Annual Amortization Of The Company's Intangible Items


Year ending December 31,
2014		$ 1,189
2015		1,189
2016		1,189
2017		1,189
2018		1,189
Thereafter		1,692
		$ 7,637

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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