Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Stock Based Compensation [Abstract]

Summary of restricted stock

	Restricted Stock Units		Weighted- average Price
Outstanding at January 1, 2012		35,289	$	12.00
Granted		517,186		12.53
Vested		0		0.00
Canceled		0		0.00
Outstanding at June 30, 2012		552,475	$	12.50

Statement of estimated fair value of each option grant on the date of grant using the Black-Scholes option pricing model

	June 30, 2012
Risk-free interest rates		0.87	%
Expected dividend yield		0.00	%
Expected volatility		20.00	%
Expected lives (years)		7
Weighted-average fair value of options granted	$	2.94

Summary of stock option activity under the Bancorp's stock option plans

	Number of shares			Weighted- average exercise price		Weighted- average remaining contractual term in years		Aggregate intrinsic value
Outstanding, January 1, 2012		1,127,653		$	11.00
Issued		31,668			12.60
Adjustments (1)		67,091
Forfeited		(333	)		30.68
Outstanding, June 30, 2012		1,226,079		$	11.16		5.13	$	1,265
Options exercisable at June 30, 2012		6,272		$	31.73		3.47	$	0

(1) The adjustment above represents error corrections, the cancellation of the directors’ options and the conversion of the voting stock options to non-voting stock options.