Earnings Per Share

6 Months Ended

Jun. 30, 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					Six Months Ended
	June 30					June 30
	2014			2013		2014			2013
	(Dollars in thousands, except per share data)
Net income	$	14,746		$	12,758	$	28,129		$	25,010
Weighted Average Shares
Basic shares	23,897,413			22,888,155		23,858,456			22,856,132
Effect of diluted securities	94,560			52,144		97,544			49,104
Dilutive shares	23,991,973			22,940,299		23,956,000			22,905,236
Net income per share
Basic EPS	$	0.62		$	0.56	$	1.18		$	1.09
Effect of diluted securities	(0.01		)	—		(0.01		)	—
Dilutive EPS	$	0.61		$	0.56	$	1.17		$	1.09

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		Six Months Ended
	June 30		June 30
	2014	2013	2014	2013
Stock options	—	241,268	—	245,312
Performance-based restricted stock	—	—	—	—