Basic and Diluted Net Income Per Common Share

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
(Dollars in thousands, except per share amounts)	2013		2012		2013		2012
Net income available to common shareholders	$	12,970	$	10,884	$	22,784	$	18,622
Weighted Average Shares Outstanding
Basic	53,799,261		56,639,330		53,710,300		56,575,779
Effect of Dilutive Securities	747,928		551,027		665,235		581,629
Diluted	54,547,189		57,190,357		54,375,535		57,157,408
Net income per common share
Basic	$	.24	$	.19	$	.42	$	.33
Diluted	$	.24	$	.19	$	.42	$	.33

The stock options that were excluded from the dilutive calculations as the effect would have been antidilutive were 48,288 and 602,711 for the three months ended June 30, 2013 and 2012, respectively, and 381,396 and 355,338 for the six months ended June 30, 2013 and 2012, respectively.