A summary of the numerator and denominator of the basic and diluted earnings per common share is presented below:


	Three Months Ended							Three Months Ended
	June 30, 2013							June 30, 2012
	Income			Shares		Per Share		Income			Shares		Per Share
	(Numerator)			(Denominator)		Amount		(Numerator)			(Denominator)		Amount

Net income	$	16,235						$	7,262

Less: Preferred stock dividends		(32	)						(63	)
Less: Income attributable to participating securities		(763	)						(87	)


Basic Earnings Per Share:
Income allocated to common stockholders		15,440			10,687	$	1.44		7,112			8,325	$	0.85


Effect of Dilutive Securities:
Stock options		—			162				—			215
Convertible preferred stock		32			199				63			705
Warrants		—			—				—			406


Diluted Earnings Per Share:
Income available to common stockholders and assumed conversions	$	15,472			11,048	$	1.40	$	7,175			9,651	$	0.74


	Six Months Ended							Six Months Ended
	June 30, 2013							June 30, 2012
	Income			Shares		Per Share		Income			Shares		Per Share
	(Numerator)			(Denominator)		Amount		(Numerator)			(Denominator)		Amount

Net income	$	36,622						$	14,230

Less: Preferred stock dividends		(66	)						(244	)
Less: Income attributable to participating securities		(1,274	)						(105	)


Basic Earnings Per Share:
Income allocated to common stockholders		35,282			10,669	$	3.31		13,881			7,326	$	1.89


Effect of Dilutive Securities:
Stock options		—			160				—			229
Convertible preferred stock		66			210				244			956
Warrants		—			—				—			303


Diluted Earnings Per Share:
Income available to common stockholders and assumed conversions	$	35,348			11,039	$	3.20	$	14,125			8,814	$	1.60