Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings per common share are calculated as follows:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
*(unaudited, in thousands, except shares and per share amounts)*	2013		2012		2013		2012
Numerator for both basic and diluted earnings per common share:
Net income	$	17,017	$	11,998	$	33,037	$	23,988


Denominator:
Total average basic common shares outstanding		29,245,201		26,647,050		29,228,355		26,637,537
Effect of dilutive stock options		63,605		3,275		59,663		3,342

Total diluted average common shares outstanding		29,308,806		26,650,325		29,288,018		26,640,879


Earnings per common share - basic	$	0.58	$	0.45	$	1.13	$	0.90
Earnings per common share - diluted	$	0.58	$	0.45	$	1.13	$	0.90