Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Summary of earnings per share

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

	Three Months Ended
	March 31
	2015		2014
	(Dollars in thousands, except per share data)
Net income	$	9,460	$	13,383
Weighted Average Shares
Basic shares	24,959,865		23,819,065
Effect of dilutive securities	80,215		100,173
Diluted shares	25,040,080		23,919,238
Net income per share
Basic EPS	$	0.38	$	0.56
Effect of dilutive securities	—		—
Diluted EPS	$	0.38	$	0.56

Details of anti dilutive options to purchase common stock

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
	2015	2014
Stock options	—	—
Performance-based restricted stock	—	1,242