EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following table reconciles the numerator and denominator of the basic and diluted earnings per share computations for the periods ended June 30, 2012, and 2011:

(Dollars and shares in thousands, except per share amounts)	Three months ended
	June 30, 2012		June 30, 2011
Net income	$	6,034	$	4,634
Less: Net income allocated to participating securities-basic:
Preferred stock		357		274
Non-vested restricted stock		60		63
Net income available to common stock holders-basic		5,617		4,297
Add: Net income allocated per two-class method-diluted:
Stock options and Class C warrants		22		15
Net income available to common stockholders-diluted	$	5,639	$	4,312
Weighted average common shares outstanding -basic		19,082		19,006
Common stock equivalents from:
Stock options		26		24
Class C warrants		1,148		995
Weighted average common shares outstanding -diluted		20,256		20,025
Basic earnings per share	$	0.29	$	0.23
Diluted earnings per share	$	0.28	$	0.22
Common stock equivalent shares excluded due to anti-dilutive effect		167		189
(Dollars and shares in thousands, except per share amounts)	Six months ended
	June 30, 2012		June 30, 2011
Net income	$	11,823	$	9,739
Less: Net income allocated to participating securities-basic:
Preferred stock		700		576
Non-vested restricted stock		134		143
Net income available to common stock holders-basic		10,989		9,020
Add: Net income allocated per two-class method-diluted:
Stock options and Class C warrants		43		32
Net income available to common stockholders-diluted	$	11,032	$	9,052
Weighted average common shares outstanding -basic		19,060		18,983
Common stock equivalents from:
Stock options		24		23
Class C warrants		1,077		976
Weighted average common shares outstanding -diluted		20,161		19,982
Basic earnings per share	$	0.58	$	0.48
Diluted earnings per share	$	0.55	$	0.45
Common stock equivalent shares excluded due to anti-dilutive effect		180		192