EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2014

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, 2014	Net Income		Weighted Average Shares		Per Share Amount
Basic Earnings Per Common Share
Net income	$	28,996		20,706,688	$	1.40
Effect of dilutive warrants				76,828
Effect of dilutive stock options				70,552
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	28,996		20,854,068	$	1.39

Year Ended December 31, 2013	Net Income			Weighted Average Shares		Per Share Amount
Basic Earnings Per Common Share
Net income	$	26,345
Preferred dividends and discount accretion		(504	)
Redemption of preferred shares		(148	)
		25,693			20,375,365	$	1.26
Effect of dilutive stock options					57,487
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	25,693			20,432,852	$	1.26

Year Ended December 31, 2012	Net Income			Weighted Average Shares		Per Share Amount
Basic Earnings 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 Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	26,505			20,324,657	$	1.30

       Stock options for 125,530, 281,589, and 289,544 shares of common stock were not considered in computing diluted earnings per common share for 2014, 2013 and 2012 because they were antidilutive. Stock warrants for 571,906 shares of common stock were not considered in computing earnings per share in 2013 and 2012 because they were antidilutive.