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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share for the three and six month periods ended June 30, 2012 and 2011.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
2011
 
2012
2011
Net income
$
13,010

$
9,854

 
$
25,224

$
19,360

Less preferred stock dividends
853

853

 
1,706

1,697

Net income available to common shareholders, basic and diluted
$
12,157

$
9,001

 
$
23,518

$
17,663

 
 
 
 
 
 
Weighted average common shares outstanding for basic earnings per share computation
42,966,926

42,781,894

 
42,920,347

42,735,897

Dilutive effects of stock-based compensation
93,278

114,717

 
96,111

138,031

Weighted average common shares outstanding for diluted earnings per common share computation
43,060,204

42,896,611

 
43,016,458

42,873,928

 
 
 
 
 
 
Basic earnings per common share
$
0.28

$
0.21

 
$
0.55

$
0.41

Diluted earnings per common share
$
0.28

$
0.21

 
$
0.55

$
0.41