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Earnings Per Share | 9 Months Ended
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Sep. 30, 2013
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE Basic earnings per common share data is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Common shares outstanding include common stock and restricted stock awards where recipients have satisfied the vesting terms. Diluted earnings per common share gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and the if-converted method for convertible trust preferred securities. The following table presents a summary of per common share data and amounts for the periods indicated.
| Three months ended September 30, |  | Nine months ended September 30,
(in thousands, except per share data) | 2013 |  | 2012 |  | 2013 |  | 2012
Net income as reported | $ | 8,410 |  |  | $ | 7,930 |  |  | $ | 29,483 |  |  | $ | 22,881 |
Preferred stock dividend | — |  |  | (436 | ) |  | — |  |  | (1,312 | )
Accretion of preferred stock discount | — |  |  | (212 | ) |  | — |  |  | (621 | )
Net income available to common shareholders | $ | 8,410 |  |  | $ | 7,282 |  |  | $ | 29,483 |  |  | $ | 20,948 |
Impact of assumed conversions |  |  |  |  |  |  |
Interest on 9% convertible trust preferred securities, net of income tax | 217 |  |  | 371 |  |  | 926 |  |  | 1,113 |
Net income available to common shareholders and assumed conversions | $ | 8,627 |  |  | $ | 7,653 |  |  | $ | 30,409 |  |  | $ | 22,061 |
Weighted average common shares outstanding | 18,779 |  |  | 17,876 |  |  | 18,288 |  |  | 17,829 |
Incremental shares from assumed conversions of convertible trust preferred securities | 851 |  |  | 1,439 |  |  | 1,241 |  |  | 1,439 |
Additional dilutive common stock equivalents | 200 |  |  | 100 |  |  | 153 |  |  | 34 |
Weighted average diluted common shares outstanding | 19,830 |  |  | 19,415 |  |  | 19,682 |  |  | 19,302 |
Basic earnings per common share: | $ | 0.45 |  |  | $ | 0.41 |  |  | $ | 1.61 |  |  | $ | 1.17 |
Diluted earnings per common share: | $ | 0.44 |  |  | $ | 0.39 |  |  | $ | 1.55 |  |  | $ | 1.14 |
For the three months ended September 30, 2013 and 2012, the amount of common stock equivalents that were excluded from the earnings per share calculations because their effect was anti-dilutive was 474,267, and 1.0 million common stock equivalents (including 324,074 common stock warrants), respectively. For the nine months ended September 30, 2013 and 2012, the amount of common stock equivalents that were excluded from the earnings per share calculations because their effect was anti-dilutive was 488,318 (including 9,497 average common stock warrants), and 1.0 million common stock equivalents (including 324,074 common stock warrants), respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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