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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except earnings per share data)

2013

 

2012

 

2011

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

$

17,435 

 

$

16,187 

 

$

(68,295)

Preferred dividend

 

 -

 

 

(2,196)

 

 

(3,522)

Warrant amortization

 

 -

 

 

(1,545)

 

 

(731)

Net income (loss) available to common shareholders

 

17,435 

 

 

12,446 

 

 

(72,548)

Earnings allocated to participating securities

 

(139)

 

 

 -

 

 

 -

Numerator for basic earnings per common share

$

17,296 

 

$

12,446 

 

$

(72,548)

Effect of reallocating undistributed earnings

 

 

 

 

 

 

 

 

of participating securities

 

139 

 

 

 -

 

 

 -

Numerator for diluted earnings per common share

$

17,435 

 

$

12,446 

 

$

(72,548)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic earnings per common share

 

19,516,776 

 

 

19,374,098 

 

 

19,414,231 

Dilutive effect of stock compensation

 

87,469 

 

 

 -

 

 

 -

Denominator for diluted earnings per common share

 

19,604,245 

 

 

19,374,098 

 

 

19,414,231 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

Basic

$

0.89 

 

$

0.64 

 

$

(3.73)

Diluted

$

0.89 

 

$

0.64 

 

$

(3.73)