Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings per share consisted of the following components for the periods indicated:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(Dollars in Thousands)				(Dollars in Thousands)
NET INCOME	$	11,601	$	11,959	$	32,658	$	34,267

	Weighted Average Shares				Weighted Average Shares
BASIC SHARES	21,654,188		21,463,714		21,613,157		21,401,885
EFFECT OF DILUTIVE SECURITIES	52,116		13,077		31,300		32,452
DILUTIVE SHARES	21,706,304		21,476,791		21,644,457		21,434,337
NET INCOME PER SHARE:
BASIC EPS	0.54		0.56		1.51		1.60
EFFECT OF DILUTIVE SECURITIES	0.01		—		—		—
DILUTIVE EPS	0.53		0.56		1.51		1.60

Details of anti dilutive options to purchase common stock

The following table illustrates the options to purchase common stock that were excluded from the calculation of diluted earnings per share because they were anti-dilutive:



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2012	2011	2012	2011
STOCK OPTIONS	357,459	888,963	614,181	820,871