Basic and Diluted Net Income Per Common Share

3 Months Ended

Mar. 31, 2013

Basic and Diluted Net Income Per Common Share

Basic and Diluted Net Income Per Common Share

12.   Basic and Diluted Net Income Per Common Share

Computation of basic and diluted net income per common share is performed as follows:

	Three Months Ended March 31,
(Dollars in thousands, except per share amounts)	2013		2012
Net income available to common shareholders	$	9,814	$	7,738
Weighted Average Shares Outstanding
Basic	53,620,349		56,512,227
Effect of Dilutive Securities	579,861		612,232
Diluted	54,200,210		57,124,459
Net income per common share
Basic and Diluted	$	0.18	$	0.14

For the three months ended March 31, 2013 and 2012, there were 381,396 and 124,672 of stock options, respectively, which were excluded from the dilutive calculations as the effect would have been antidilutive.