Earnings Per Share

3 Months Ended

Mar. 31, 2014

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
	2014		2013
	(Dollars in thousands, except per share data)
Net income	$	13,383	$	12,252
Weighted Average Shares
Basic shares	23,819,065		22,823,753
Effect of diluted securities	100,173		46,040
Dilutive shares	23,919,238		22,869,793
Net income per share
Basic EPS	$	0.56	$	0.54
Effect of diluted securities	—		—
Dilutive EPS	$	0.56	$	0.54

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

	Three Months Ended
	March 31
	2014	2013
Stock options	—	268,400
Performance-based restricted stock	1,242	—