Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2013

Calculation of Basic and Diluted Earnings per Share

All weighted-average shares, actual shares and per share information in the financial statements have been adjusted retroactively for the effect of stock dividends and stock splits.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands except per share data)	2013		2012		2013		2012
Numerator:
Net income available to common shareholders	$	6,401	$	5,425	$	17,973	$	15,843
Denominator for basic earnings per share - weighted average shares outstanding		13,336,799		13,149,050		13,274,801		13,067,551
Effect of dilutive common shares		275,343		146,377		244,302		133,799
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		13,612,142		13,295,427		13,519,103		13,201,350
Basic earnings per share	$	0.48	$	0.41	$	1.35	$	1.21
Diluted earnings per share	$	0.47	$	0.41	$	1.33	$	1.20
Antidilutive shares excluded from computation of average dilutive earnings per share		—		227,139		123,882		349,649