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EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended
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Jun. 30, 2015
Earnings Per Share [Abstract] |
Basic and Diluted Earnings Per Common Share | Computations for basic and diluted EPS are provided below.
| Three Months Ended |  | Six Months Ended
| Common Stock |  | Class B Common Stock |  | Total |  | Common Stock |  | Class B Common Stock |  | Total
| ($ in thousands, except per share data)
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 15,923 |  |  | $ | 1 |  |  | $ | 15,924 |  |  | $ | 28,482 |  |  | $ | 16 |  |  | $ | 28,498 |
Less: income allocated to participating securities | (308 | ) |  | — |  |  | (308 | ) |  | (580 | ) |  | — |  |  | (580 | )
Less: participating securities dividends | (173 | ) |  | — |  |  | (173 | ) |  | (346 | ) |  | — |  |  | (346 | )
Less: preferred stock dividends | (2,843 | ) |  | — |  |  | (2,843 | ) |  | (3,751 | ) |  | (2 | ) |  | (3,753 | )
Net income allocated to common stockholders | $ | 12,599 |  |  | $ | 1 |  |  | $ | 12,600 |  |  | $ | 23,805 |  |  | $ | 14 |  |  | $ | 23,819 |
Weighted average common shares outstanding | 38,519,816 |  |  | 11 |  |  | 38,519,827 |  |  | 38,127,368 |  |  | 20,998 |  |  | 38,148,366 |
Basic earnings per common share | $ | 0.33 |  |  | $ | 0.33 |  |  | $ | 0.33 |  |  | $ | 0.62 |  |  | $ | 0.62 |  |  | $ | 0.62 |
Diluted: |  |  |  |  |  |  |  |  |  |  |
Net income allocated to common stockholders | $ | 12,599 |  |  | $ | 1 |  |  | $ | 12,600 |  |  | $ | 23,805 |  |  | $ | 14 |  |  | $ | 23,819 |
Additional income allocation for class B dilutive shares | (162 | ) |  | 162 |  |  | — |  |  | (250 | ) |  | 250 |  |  | — |
Adjusted net income allocated to common stockholders | $ | 12,437 |  |  | $ | 163 |  |  | $ | 12,600 |  |  | $ | 23,555 |  |  | $ | 264 |  |  | $ | 23,819 |
Weighted average common shares outstanding for basic earnings per common share | 38,519,816 |  |  | 11 |  |  | 38,519,827 |  |  | 38,127,368 |  |  | 20,998 |  |  | 38,148,366 |
Add: Dilutive effects of restricted stock units | 138,196 |  |  | — |  |  | 138,196 |  |  | 142,381 |  |  | — |  |  | 142,381 |
Add: Dilutive effects of purchase contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Add: Dilutive effects of stock options | 42,533 |  |  | — |  |  | 42,533 |  |  | 12,179 |  |  | — |  |  | 12,179 |
Add: Dilutive effects of warrants | — |  |  | 494,622 |  |  | 494,622 |  |  | — |  |  | 404,369 |  |  | 404,369 |
Average shares and dilutive common shares | 38,700,545 |  |  | 494,633 |  |  | 39,195,178 |  |  | 38,281,928 |  |  | 425,367 |  |  | 38,707,295 |
Diluted earnings per common share | $ | 0.32 |  |  | $ | 0.33 |  |  | $ | 0.32 |  |  | $ | 0.62 |  |  | $ | 0.62 |  |  | $ | 0.62 |
June 30, 2014 |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 7,912 |  |  | $ | 187 |  |  | $ | 8,099 |  |  | $ | 8,620 |  |  | $ | 228 |  |  | $ | 8,848 |
Less: income allocated to participating securities | (156 | ) |  | (4 | ) |  | (160 | ) |  | (66 | ) |  | (2 | ) |  | (68 | )
Less: participating securities dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Less: preferred stock dividends | (889 | ) |  | (21 | ) |  | (910 | ) |  | (1,773 | ) |  | (47 | ) |  | (1,820 | )
Net income allocated to common stockholders | $ | 6,867 |  |  | $ | 162 |  |  | $ | 7,029 |  |  | $ | 6,781 |  |  | $ | 179 |  |  | $ | 6,960 |
Weighted average common shares outstanding | 25,239,390 |  |  | 596,018 |  |  | 25,835,408 |  |  | 22,439,267 |  |  | 593,030 |  |  | 23,032,297 |
Basic earnings per common share | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | 0.30 |
Diluted: |  |  |  |  |  |  |  |  |  |  |
Net income allocated to common stockholders | $ | 6,867 |  |  | $ | 162 |  |  | $ | 7,029 |  |  | $ | 6,781 |  |  | $ | 179 |  |  | $ | 6,960 |
Weighted average common shares outstanding for basic earnings per common share | 25,239,390 |  |  | 596,018 |  |  | 25,835,408 |  |  | 22,439,267 |  |  | 593,030 |  |  | 23,032,297 |
Add: Dilutive effects of restricted stock units | 38,741 |  |  | — |  |  | 38,741 |  |  | 22,110 |  |  | — |  |  | 22,110 |
Add: Dilutive effects of purchase contracts | 55,370 |  |  | — |  |  | 55,370 |  |  | 27,838 |  |  | — |  |  | 27,838 |
Add: Dilutive effects of stock options | 568 |  |  | — |  |  | 568 |  |  | 13,268 |  |  | — |  |  | 13,268 |
Add: Dilutive effects of warrants | — |  |  | 58,478 |  |  | 58,478 |  |  | — |  |  | 158,205 |  |  | 158,205 |
Average shares and dilutive common shares | 25,334,069 |  |  | 654,496 |  |  | 25,988,565 |  |  | 22,502,483 |  |  | 751,235 |  |  | 23,253,718 |
Diluted earnings per common share | $ | 0.27 |  |  | $ | 0.25 |  |  | $ | 0.27 |  |  | $ | 0.30 |  |  | $ | 0.24 |  |  | $ | 0.30 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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