Earnings Per Share

6 Months Ended

Jun. 30, 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 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