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EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
(Dollars in thousands, except per share data)
 
2012
 
2011
 
2010
Numerator for basic and diluted earnings per share -income available to common shareholders:
 
 
 
 
 
 
Net income
 
$
67,303

 
$
66,739

 
$
59,251

Dividends on preferred stock
 
0

 
0

 
1,865

Income available to common shareholders
 
$
67,303

 
$
66,739

 
$
57,386

Denominator for basic earnings per share - weighted average shares
 
57,876,685

 
57,691,979

 
56,969,491

Effect of dilutive securities
 
 
 
 
 
 
Employee stock awards
 
873,293

 
907,428

 
913,809

Warrants
 
118,814

 
93,798

 
109,778

Denominator for diluted earnings per share - adjusted weighted average shares
 
58,868,792

 
58,693,205

 
57,993,078

Earnings per share available to common shareholders
 
 
 
 
 
 
Basic
 
$
1.16

 
$
1.16

 
$
1.01

Diluted
 
$
1.14

 
$
1.14

 
$
0.99