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EARNINGS PER COMMON SHARE (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share
Computations for basic and diluted EPS are provided below.
 
 
Three Months Ended
 
Nine Months Ended
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
($ in thousands, except per share data)
September 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
11,018

 
$
208

 
$
11,226

 
$
19,647

 
$
457

 
$
20,104

Less: income allocated to participating securities
(216
)
 
(4
)
 
(220
)
 
(280
)
 
(7
)
 
(287
)
Less: participating securities dividends
(136
)
 
(3
)
 
(139
)
 
(365
)
 
(8
)
 
(373
)
Less: preferred stock dividends
(893
)
 
(17
)
 
(910
)
 
(2,668
)
 
(62
)
 
(2,730
)
Net income allocated to common shareholders
$
9,773

 
$
184

 
$
9,957

 
$
16,334

 
$
380

 
$
16,714

Weighted average common shares outstanding
31,968,316

 
602,783

 
32,571,099

 
25,649,940

 
596,316

 
26,246,256

Basic earnings per common share
$
0.31

 
$
0.31

 
$
0.31

 
$
0.64

 
$
0.64

 
$
0.64

Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income allocated to common shareholders
$
9,773

 
$
184

 
$
9,957

 
$
16,334

 
$
380

 
$
16,714

Additional income allocation for class B dilutive shares
(29
)
 
29

 
—

 
(86
)
 
86

 
—

Adjusted net income allocated to common shareholders
$
9,744

 
$
213

 
$
9,957

 
$
16,248

 
$
466

 
$
16,714

Weighted average common shares outstanding for basic earnings per common share
31,968,316

 
602,783

 
32,571,099

 
25,649,940

 
596,316

 
26,246,256

Add: Dilutive effects of restricted stock units
17,604

 
—

 
17,604

 
33,865

 
—

 
33,865

Add: Dilutive effects of purchase contracts
—

 
—

 
—

 
—

 
—

 
—

Add: Dilutive effects of stock options
5,945

 
—

 
5,945

 
12,221

 
—

 
12,221

Add: Dilutive effects of warrants
—

 
95,088

 
95,088

 
—

 
137,521

 
137,521

Average shares and dilutive common shares
31,991,865

 
697,871

 
32,689,736

 
25,696,026

 
733,837

 
26,429,863

Diluted earnings per common share
$
0.30

 
$
0.31

 
$
0.30

 
$
0.63

 
$
0.64

 
$
0.63

September 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
(8,260
)
 
$
(274
)
 
$
(8,534
)
 
$
(3,039
)
 
$
(203
)
 
$
(3,242
)
Less: income allocated to participating securities
—

 
—

 
—

 
—

 
—

 
—

Less: preferred stock dividends
(916
)
 
(30
)
 
(946
)
 
(1,157
)
 
(77
)
 
(1,234
)
Net income allocated to common shareholders
$
(9,176
)
 
$
(304
)
 
$
(9,480
)
 
$
(4,196
)
 
$
(280
)
 
$
(4,476
)
Weighted average common shares outstanding
17,471,546

 
579,490

 
18,051,036

 
13,197,764

 
880,284

 
14,078,048

Basic earnings per common share
$
(0.53
)
 
$
(0.53
)
 
$
(0.53
)
 
$
(0.32
)
 
$
(0.32
)
 
$
(0.32
)
Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income allocated to common shareholders
$
(9,176
)
 
$
(304
)
 
$
(9,480
)
 
$
(4,196
)
 
$
(280
)
 
$
(4,476
)
Weighted average common shares outstanding for basic earnings per common share
17,471,546

 
579,490

 
18,051,036

 
13,197,764

 
880,284

 
14,078,048

Add: Dilutive effects of stock options
—

 
—

 
—

 
—

 
—

 
—

Add: Dilutive effects of warrants
—

 
—

 
—

 
—

 
—

 
—

Average shares and dilutive common shares
17,471,546

 
579,490

 
18,051,036

 
13,197,764

 
880,284

 
14,078,048

Diluted earnings per common share
$
(0.53
)
 
$
(0.53
)
 
$
(0.53
)
 
$
(0.32
)
 
$
(0.32
)
 
$
(0.32
)