Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

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 ended March 31, 2015 and 2014 is as follows:

(dollars in thousands, except per share data)
	2015		2014
For the three months ended
March 31:
Net income	$	10,715		11,011
Less: Net income allocated to participating securities		-		12
Net income allocated to common shareholders	$	10,715		10,999
Basic EPS:
Distributed earnings allocated to common stock	$	6,228		6,206
Undistributed earnings allocated to common stock		4,487		4,793
Net income allocated to common shareholders	$	10,715		10,999
Weighted average common shares outstanding including participating securities		94,947		94,558
Less: Participating securities		-		106
Weighted average common shares		94,947		94,452
Basic EPS	$	0.113		0.116
Diluted EPS:
Net income allocated to common shareholders	$	10,715		10,999
Weighted average common shares for basic EPS		94,947		94,452
Effect of Dilutive Securities:
Stock Options		127		129
Weighted average common shares including potential dilutive shares		95,074		94,581
Diluted EPS	$	0.113		0.116