Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(dollars in thousands, except shares and per share data)	2014		2013		2014		2013
Numerator for Earnings per Share—Basic:
Net income	$	14,660	$	12,247	$	43,414	$	38,680
Less: Income allocated to participating shares	51		33		115		114
Net Income Allocated to Shareholders	$	14,609	$	12,214	$	43,299	$	38,566

Numerator for Earnings per Share—Diluted:
Net income	14,660		12,247		$	43,414	$	38,680
Net Income Available to Shareholders	$	14,660	$	12,247	$	43,414	$	38,680

Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic	29,693,417		29,658,065		29,679,623		29,644,646
Add: Potentially dilutive shares	21,195		27,535		25,732		35,132
Denominator for Treasury Stock Method—Diluted	29,714,612		29,685,600		29,705,355		29,679,778

Weighted Average Shares Outstanding—Basic	29,693,417		29,658,065		29,679,623		29,644,646
Add: Average participating shares outstanding	102,980		80,240		78,835		87,725
Denominator for Two-Class Method—Diluted	29,796,397		29,738,305		29,758,458		29,732,371
Earnings per share—basic	$	0.49	$	0.41	$	1.46	$	1.30
Earnings per share—diluted	$	0.49	$	0.41	$	1.46	$	1.30
Warrants considered anti-dilutive excluded from potentially dilutive shares	517,012		517,012		517,012		517,012
Stock options considered anti-dilutive excluded from potentially dilutive shares	427,362		612,768		428,233		632,481
Restricted stock considered anti-dilutive excluded from potentially dilutive shares	81,785		52,705		53,103		52,593