Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

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 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