Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

2. Earnings Per Share

A reconciliation of the component parts of earnings per share (EPS) for the three and six month periods ended June 30, 2011 and 2010 follows:

(dollars in thousands, except per share data)	Income		Weighted Average Shares Outstanding		Per Share Amounts
For the quarter ended June 30, 2011:
Basic EPS:
Income available to common shareholders	$	7,766		77,363	$	0.100
Effect of Dilutive Securities:
Stock Options		-		-		-
Diluted EPS	$	7,766		77,363	$	0.100
For the quarter ended June 30, 2010:
Basic EPS:
Income available to common shareholders	$	7,124		76,649	$	0.093
Effect of Dilutive Securities:
Stock Options		-		-		-
Diluted EPS	$	7,124		76,649	$	0.093

(dollars in thousands, except per share data)	Income		Weighted Average Shares Outstanding		Per Share Amounts
For the six months ended June 30, 2011:
Basic EPS:
Income available to common shareholders	$	15,148		77,302	$	0.196
Effect of Dilutive Securities:
Stock Options		-		-		-
Diluted EPS	$	15,148		77,302	$	0.196
For the six months ended June 30, 2010:
Basic EPS:
Income available to common shareholders	$	14,059		76,816	$	0.183
Effect of Dilutive Securities:
Stock Options		-		-		-
Diluted EPS	$	14,059		76,816	$	0.183

For the three and six month periods ended June 30, 2011 and 2010, all of the Company's outstanding stock options are antidilutive because the option price is greater than the current market price.