A reconciliation of the component parts of earnings per share (EPS) for the three months and nine months ended September 30, 2012 and 2011 is as follows:

(dollars in thousands,
except per share data)
	For the three		For the nine
	months ended		months ended
	September 30, 2012:		September 30, 2012:
Net income	$	9,753	$	27,728
Less: Net income allocated to participating securities		11		31
Net income allocated to common shareholders	$	9,742	$	27,697
Basic EPS:
Distributed earnings allocated to common stock	$	6,156	$	18,443
Undistributed earnings allocated to common stock		3,586		9,254
Net income allocated to
common shareholders	$	9,742	$	27,697
Weighted average common shares outstanding including participating securities		93,798		93,674
Less: Participating securities		106		106
Weighted average common shares		93,692		93,568

Basic EPS		0.104		0.296

Diluted EPS:
Net income allocated to common shareholders	$	9,742	$	27,697
Weighted average common shares for basic EPS		93,692		93,568
Effect of Dilutive Securities:
Stock Options		7		4
Weighted average common shares including potential dilutive shares		93,699		93,572

Diluted EPS		0.104		0.296

(dollars in thousands,			Weighted
except per share data)			Average Shares		Per Share
	Income		Outstanding		Amounts

For the three months ended September 30, 2011:
Basic EPS:
Income available to common shareholders	$	9,225		92,124	$	0.100
Effect of Dilutive Securities:
Stock Options		-		-		-
Diluted EPS	$	9,225		92,124	$	0.100

(dollars in thousands,			Weighted
except per share data)			Average Shares		Per Share
	Income		Outstanding		Amounts

For the nine months ended September 30, 2011:
Basic EPS:
Income available to common shareholders	$	24,373		82,297	$	0.296
Effect of Dilutive Securities:
Stock Options		-		-		-
Diluted EPS	$	24,373		82,297	$	0.296