Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2014

A reconciliation of the component parts of earnings per share for the three months ended March 31, 2014 and 2013 is as follows:

(dollars in thousands, except per share data)
	2014		2013
For the three months ended March 31:
Net income	$	11,011	$	9,168
Less: Net income allocated to participating securities		12		10
Net income allocated to common shareholders	$	10,999	$	9,158
Basic EPS:
Distributed earnings allocated to common stock	$	6,206	$	6,173
Undistributed earnings allocated to common stock		4,793		2,985
Net income allocated to common shareholders	$	10,999	$	9,158
Weighted average common shares outstanding including participating securities		94,558		94,068
Less: Participating securities		106		106
Weighted average common shares		94,452		93,962

Basic EPS		0.116		0.097

Diluted EPS:
Net income allocated to common shareholders	$	10,999	$	9,158
Weighted average common shares for basic EPS		94,452		93,962
Effect of Dilutive Securities:
Stock Options		129		5
Weighted average common shares including potential dilutive shares		94,581		93,967

Diluted EPS		0.116		0.097