STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2013

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 12—STOCKHOLDERS’ EQUITY

A summary of changes in stockholders’ equity is presented below (dollars in thousands):

					Additional					Total
	Common Stock				Paid-In			Retained		Stockholders’
	Shares		Amount		Capital			Earnings		Equity
Balances at December 31, 2012	33,567,730		$	336	$	236,823		$	116,017	$	353,176
Net income	—		—		—			7,726		7,726
Issuance of common shares in connection with equity incentive plans	62,151		—		119			—		119
Repurchase and retirement of common stock	(16,049	)	—		(292		)	—		(292		)
Stock-based compensation	—		—		2,160			—		2,160
Tax benefit from vesting of restricted shares	—		—		161			—		161
Balances at March 31, 2013	33,613,832		$	336	$	238,971		$	123,743	$	363,050