EX-11 2 ex11.htm EXHIBIT 11 ex11.htm
Exhibit 11
 
Statement re Computation of Per Share Earnings
 
The composition of basic and diluted earnings per share were as follows for:
 
(Dollars in thousands, except per share amounts)
 
   
For the three months ended
September 30,
    
For the nine months ended
September 30,
  
   
2011
    
2010
    
2011
    
2010
  
Net income available to common stockholders
   $ 12,733     $ 6,551     $ 23,888     $ 12,973  
                                 
Weighted average number of common shares outstanding
     41,297,834       39,934,275       40,509,810       35,363,531  
Effect of warrants
     -       61,809       -       814,488  
Effect of stock options
     180,171       32,047       177,378       29,098  
Weighted average diluted number of common shares outstanding
     41,478,005       40,028,131       40,687,188       36,207,117  
                                 
Basic earnings per share
   $ 0.31     $ 0.16     $ 0.59     $ 0.37  
Diluted earnings per share
   $ 0.31     $ 0.16     $ 0.59     $ 0.36