Earnings Per Common Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share

Earnings Per Share

Note 14—Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

	Years Ended December 31,
(Dollars and shares in thousands)	2015		2014		2013
Basic earnings per common share:
Net income available to common shareholders	$	99,473	$	74,364	$	47,865
Weighted-average basic common shares		23,966		23,897		19,866
Basic earnings per common share	$	4.15	$	3.11	$	2.41
Diluted earnings per share:
Net income available to common shareholders	$	99,473	$	74,364	$	47,865
Weighted-average basic common shares		23,966		23,897		19,866
Effect of dilutive securities		258		257		211
Weighted-average dilutive shares		24,224		24,154		20,077
Diluted earnings per common share	$	4.11	$	3.08	$	2.38

The calculation of diluted earnings per common share excludes outstanding stock options for which the results would have been antidilutive under the treasury stock method as follows:

	Year Ended December 31,
(Dollars in thousands)	2015					2014					2013
Number of shares					47,865					22,497					21,361
Range of exercise prices	$	61.42	to	$	66.32	$	61.49	to	$	66.32	$	41.45	to	$	41.45