Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

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

	Three Months Ended
	March 31
	2013		2012
	(Dollars in thousands, except per share data)
Net income	$	12,252	$	12,183
	Weighted Average Shares
Basic shares	22,823,753		21,561,006
Effect of diluted securities	46,040		24,481
Dilutive shares	22,869,793		21,585,487
Net income per share
Basic EPS	0.54		0.57
Effect of diluted securities	—		(0.01		)
Dilutive EPS	0.54		0.56

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
	March 31
	2013	2012
Stock options	268,400	803,378