EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2012

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

NOTE 23 — EARNINGS PER COMMON SHARE

        Earnings per common share were computed as follows:

Year Ended December 31, 2012	Net Income/(Loss)			Weighted Average Shares		Per Share Amount
Basic Loss Per Common Share
Net income	$	27,258
Preferred dividends and discount accretion		(2,110	)
Redemption of preferred shares		1,357
		26,505			20,265,761	$	1.31
Effect of dilutive stock options					58,896
Diluted (Loss) Per Common Share
Net income attributable to common shareholders and assumed conversions	$	26,505			20,324,657	$	1.30
Year Ended December 31, 2011
Basic Earnings Per Common Share
Net income	$	23,813
Preferred dividends and discount accretion		(3,054	)
		20,759			20,179,512	$	1.03
Effect of dilutive stock options					41,615
Diluted Earnings Per Common Share
Net income available to common shareholders and assumed conversions	$	20,759			20,221,127	$	1.03
Year Ended December 31, 2010
Basic Earnings Per Common Share
Net income	$	14,802
Preferred dividends and discount accretion		(3,054	)
		11,748			20,136,362	$	0.58
Effect of dilutive stock options					18,022
Diluted Earnings Per Common Share
Net income available to common shareholders and assumed conversions	$	11,748			20,154,384	$	0.58

        Stock options for 289,544, 254,850, and 262,441 shares of common stock were not considered in computing diluted earnings per common share for 2012, 2011 and 2010 because they were antidilutive. Stock warrants for 571,906 shares of common stock were not considered in computing earnings per share in 2012, 2011 and 2010 because they were antidilutive.