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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Reconciliation of component parts of earnings per share
A reconciliation of the component parts of earnings per share for the three months and nine months ended September 30, 2014 and 2013 is as follows:

(dollars in thousands,
except per share data)

  
2014
  
2013
 
For the three months ended
    
September 30:
    
Net income
 
$
10,714
  
$
10,252
 
Less: Net income allocated to participating securities
  
12
   
11
 
Net income allocated to common shareholders
 
$
10,702
  
$
10,241
 
Basic EPS:
        
Distributed earnings allocated to common stock
 
$
6,220
  
$
6,191
 
Undistributed earnings allocated to common stock
  
4,482
   
4,050
 
Net income allocated to common shareholders
 
$
10,702
  
$
10,241
 
Weighted average common shares outstanding including participating securities
  
94,734
   
94,334
 
Less: Participating securities
  
106
   
106
 
Weighted average common shares
  
94,628
   
94,228
 
         
Basic EPS
  
0.113
   
0.109
 
         
Diluted EPS:
        
Net income allocated to common shareholders
 
$
10,702
  
$
10,241
 
Weighted average common shares for basic EPS
  
94,628
   
94,228
 
Effect of Dilutive Securities:
        
Stock Options
  
124
   
47
 
Weighted average common shares including potential dilutive shares
  
94,752
   
94,275
 
         
Diluted EPS
  
0.113
   
0.109
 
 
(dollars in thousands,
except per share data)
 
  
2014
  
2013
 
For the nine months ended
    
September 30:
    
Net income
 
$
33,533
  
$
29,183
 
Less: Net income allocated to participating securities
  
38
   
33
 
Net income allocated to common shareholders
 
$
33,495
  
$
29,150
 
Basic EPS:
        
Distributed earnings allocated to common stock
 
$
18,639
  
$
18,546
 
Undistributed earnings allocated to common stock
  
14,856
   
10,604
 
Net income allocated to common shareholders
 
$
33,495
  
$
29,150
 
Weighted average common shares outstanding including participating securities
  
94,668
   
94,202
 
Less: Participating securities
  
106
   
106
 
Weighted average common shares
  
94,562
   
94,096
 
         
Basic EPS
  
0.354
   
0.310
 
         
Diluted EPS:
        
Net income allocated to common shareholders
 
$
33,495
  
$
29,150
 
Weighted average common shares for basic EPS
  
94,562
   
94,096
 
Effect of Dilutive Securities:
        
Stock Options
  
115
   
19
 
Weighted average common shares including potential dilutive shares
  
94,743
   
94,115
 
         
Diluted EPS
  
0.354
   
0.310