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Net Income per Share of Common Stock (Tables)
12 Months Ended
Dec. 31, 2013
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:
Year ended December 31,
(dollars in thousands, except earnings per share)
 
2013
 
2012
 
2011
Numerator for earnings per share:
 
 
 
 
 
 
Net income that is available to common shareholders
 
$
28,459

 
$
6,966

 
$
23,641

 
 
 

 
 

 
 
Denominator for basic earnings per share:
 
 
 
 
 
 
Weighted average shares outstanding
 
21,216,780

 
20,875,959

 
20,169,638

Effect of stock options and restricted stock units
 
525,393

 
439,252

 
492,557

Effect of warrants
 

 

 
145,882

Total effect of dilutive securities
 
525,393

 
439,252

 
638,439

 
 
 
 
 
 
 
Denominator for diluted earnings per share:
 
 
 
 
 
 
Adjusted weighted average shares and assumed conversions
 
21,742,173

 
21,315,211

 
20,808,077

 
 
 
 
 
 
 
Basic earnings per share
 
$
1.34

 
$
0.33

 
$
1.17

 
 
 
 
 
 
 
Diluted earnings per share
 
$
1.31

 
$
0.33

 
$
1.14