Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following table reconciles the numerators and denominators of basic earnings per share with that of diluted earnings per share for the periods presented:

	Three Months Ended March 31,
(dollars in thousands, except shares and per share data)	2014		2013
Numerator for Earnings per Share—Basic:
Net income	$	14,033	$	12,330
Less: Income allocated to participating shares	35		45
Net Income Allocated to Shareholders	$	13,998	$	12,285
Numerator for Earnings per Share—Diluted:
Net income	14,033		12,330
Net Income Available to Shareholders	$	14,033	$	12,330
Denominators:
Weighted Average Shares Outstanding—Basic	29,660,794		29,621,453
Add: Dilutive potential shares	37,253		52,953
Denominator for Treasury Stock Method—Diluted	29,698,047		29,674,406
Weighted Average Shares Outstanding—Basic	29,660,794		29,621,453
Add: Average participating shares outstanding	74,237		108,249
Denominator for Two-Class Method—Diluted	29,735,031		29,729,702
Earnings per share—basic	$	0.47	$	0.41
Earnings per share—diluted	$	0.47	$	0.41
Warrants considered anti-dilutive excluded from dilutive potential shares	517,012		517,012
Stock options considered anti-dilutive excluded from dilutive potential shares	428,863		655,573
Restricted stock considered anti-dilutive excluded from dilutive potential shares	36,984		55,296