Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Reconciles Numerators and Denominators of Basic Earnings Per Share with Diluted 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 June 30,				Six Months Ended June 30,
(dollars in thousands, except shares and per share data)	2014		2013		2014		2013
Numerator for Earnings per Share—Basic:
Net income	$	14,720	$	14,103	$	28,753	$	26,433
Less: Income allocated to participating shares	29		36		64		81
Net Income Allocated to Shareholders	$	14,691	$	14,067	$	28,689	$	26,352

Numerator for Earnings per Share—Diluted:
Net income	14,720		14,103		$	28,753	$	26,433
Net Income Available to Shareholders	$	14,720	$	14,103	$	28,753	$	26,433

Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic	29,684,300		29,654,018		29,672,611		29,637,825
Add: Dilutive potential shares	16,894		23,858		27,559		41,319
Denominator for Treasury Stock Method—Diluted	29,701,194		29,677,876		29,700,170		29,679,144

Weighted Average Shares Outstanding—Basic	29,684,300		29,654,018		29,672,611		29,637,825
Add: Average participating shares outstanding	58,973		74,994		66,563		91,530
Denominator for Two-Class Method—Diluted	29,743,273		29,729,012		29,739,174		29,729,355
Earnings per share—basic	$	0.49	$	0.47	$	0.97	$	0.89
Earnings per share—diluted	$	0.49	$	0.47	$	0.97	$	0.89
Warrants considered anti-dilutive excluded from dilutive potential shares	517,012		517,012		517,012		517,012
Stock options considered anti-dilutive excluded from dilutive potential shares	428,493		629,570		428,676		642,499
Restricted stock considered anti-dilutive excluded from dilutive potential shares	42,079		51,136		39,005		50,211