Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

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)	2015		2014
Numerator for Earnings per Share—Basic:
Net income	$	12,835	$	14,033
Less: Income allocated to participating shares	46		35
Net Income Allocated to Shareholders	$	12,789	$	13,998
Numerator for Earnings per Share—Diluted:
Net income	12,835		14,033
Net Income Available to Shareholders	$	12,835	$	14,033
Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic	31,232,075		29,660,794
Add: Potentially dilutive shares	28,873		37,253
Denominator for Treasury Stock Method—Diluted	31,260,948		29,698,047
Weighted Average Shares Outstanding—Basic	31,232,075		29,660,794
Add: Average participating shares outstanding	111,774		74,237
Denominator for Two-Class Method—Diluted	31,343,849		29,735,031
Earnings per share—basic	$	0.41	$	0.47
Earnings per share—diluted	$	0.41	$	0.47
Warrants considered anti-dilutive excluded from potentially dilutive shares	517,012		517,012
Stock options considered anti-dilutive excluded from potentially dilutive shares	155,500		428,863
Restricted stock considered anti-dilutive excluded from potentially dilutive shares	82,901		36,984