Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

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



	Three Months Ended					Nine Months Ended
	September 30					September 30
	2013		2012			2013		2012
	(Dollars in thousands, except per share data)
Net income	$	14,655	$	11,601		$	39,665	$	32,658

Weighted Average Shares
Basic shares	22,946,308		21,654,188			22,886,521		21,613
Effect of diluted securities	100,806		52,116			72,799		31
Dilutive shares	23,047,114		21,706,304			22,959,320		21,644

Net income per share
Basic EPS	$	0.64	$	0.54		$	1.73	$	1.51
Effect of diluted securities	—		(0.01		)	—		—
Dilutive EPS	$	0.64	$	0.53		$	1.73	$	1.51

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
	2013	2012	2013	2012
Stock options	—	357,459	125,241	614,181