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EARNINGS PER COMMON SHARE (Tables) | 3 Months Ended
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Mar. 31, 2016
Earnings Per Share [Abstract] |
Basic and Diluted Earnings Per Common Share | Computations of basic and diluted EPS are provided below.
| Three Months Ended
| Common Stock |  | Class B Common Stock |  | Total
| ($ in thousands, except per share data)
March 31, 2016 |  |  |  |  |
Basic: |  |  |  |  |
Net income | $ | 19,662 |  |  | $ | 25 |  |  | $ | 19,687 |
Less: income allocated to participating securities | (360 | ) |  | — |  |  | (360 | )
Less: participating securities dividends | (186 | ) |  | — |  |  | (186 | )
Less: preferred stock dividends | (4,569 | ) |  | (6 | ) |  | (4,575 | )
Net income allocated to common stockholders | $ | 14,547 |  |  | $ | 19 |  |  | $ | 14,566 |
Weighted average common shares outstanding | 39,946,412 |  |  | 50,340 |  |  | 39,996,752 |
Basic earnings per common share: | $ | 0.36 |  |  | $ | 0.36 |  |  | $ | 0.36 |
Diluted: |  |  |  |  |
Net income allocated to common stockholders | $ | 14,547 |  |  | $ | 19 |  |  | $ | 14,566 |
Additional income allocation for class B dilutive shares | (172 | ) |  | 172 |  |  | — |
Adjusted net income allocated to common stockholders | $ | 14,375 |  |  | $ | 191 |  |  | $ | 14,566 |
Weighted average common shares outstanding for basic EPS | 39,946,412 |  |  | 50,340 |  |  | 39,996,752 |
Add: Dilutive effects of restricted stock units | 138,644 |  |  | — |  |  | 138,644 |
Add: Dilutive effects of purchase contracts | — |  |  | — |  |  | — |
Add: Dilutive effects of stock options | 137,195 |  |  | — |  |  | 137,195 |
Add: Dilutive effects of warrants | — |  |  | 479,025 |  |  | 479,025 |
Average shares and dilutive common shares | 40,222,251 |  |  | 529,365 |  |  | 40,751,616 |
Diluted earnings per common share | $ | 0.36 |  |  | $ | 0.36 |  |  | $ | 0.36 |
March 31, 2015 |  |  |  |  |
Basic: |  |  |  |  |
Net income | $ | 12,560 |  |  | $ | 14 |  |  | $ | 12,574 |
Less: income allocated to participating securities | (272 | ) |  | — |  |  | (272 | )
Less: participating securities dividends | (173 | ) |  | — |  |  | (173 | )
Less: preferred stock dividends | (909 | ) |  | (1 | ) |  | (910 | )
Net income allocated to common stockholders | $ | 11,206 |  |  | $ | 13 |  |  | $ | 11,219 |
Weighted average common shares outstanding | 37,831,035 |  |  | 42,218 |  |  | 37,873,253 |
Basic earnings per common share | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | 0.30 |
Diluted: |  |  |  |  |
Net income allocated to common stockholders | $ | 11,206 |  |  | $ | 13 |  |  | $ | 11,219 |
Additional income allocation for class B dilutive shares | (85 | ) |  | 85 |  |  | — |
Adjusted net income allocated to common stockholders | $ | 11,121 |  |  | $ | 98 |  |  | $ | 11,219 |
Weighted average common shares outstanding for basic EPS | 37,831,035 |  |  | 42,218 |  |  | 37,873,253 |
Add: Dilutive effects of restricted stock units | 146,876 |  |  | — |  |  | 146,876 |
Add: Dilutive effects of purchase contracts | — |  |  | — |  |  | — |
Add: Dilutive effects of stock options | 626 |  |  | — |  |  | 626 |
Add: Dilutive effects of warrants | — |  |  | 283,911 |  |  | 283,911 |
Average shares and dilutive common shares | 37,978,537 |  |  | 326,129 |  |  | 38,304,666 |
Diluted earnings per common share | $ | 0.29 |  |  | $ | 0.30 |  |  | $ | 0.29 |

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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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