Earnings Per Share

9 Months Ended

Sep. 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 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