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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2012
Summary of Components Used to Calculate Basic and Diluted Earnings Per Share

Presented below is a summary of the components used to calculate basic and diluted earnings per share:

 

     Years Ended December 31,  
     2012      2011      2010  
     (Dollars in Thousands)  

Net income (loss) available to common shareholders

    $   10,858       $   17,852       $ (7,202 ) 
  

 

 

     

 

 

     

 

 

  

Weighted average number of common shares outstanding

      23,816         23,446         21,969   

Effect of dilutive restricted grants

      -         63         -   

Effect of dilutive options

      41         29         -   
  

 

 

     

 

 

     

 

 

  

Weighted average number of common shares outstanding used to calculate diluted earnings per share

      23,857         23,538           21,969