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Earnings per Common Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 3. Earnings per Common Share


Basic earnings per common share (“EPS”) is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding. Diluted EPS includes any additional common shares as if all potentially dilutive common shares were issued (e.g., stock options). The Company’s weighted average common shares outstanding for diluted EPS include the effect of stock options and restricted stock awards outstanding using the Treasury Stock Method, which are not included in the calculation of basic EPS.


Earnings per common share have been computed as follows:


    Three Months Ended
March 31, 		 
(in thousands, except for per share data)   2015     2014  
Net income   $ 10,379     $ 4,398  
Preferred stock dividends     (28 )     (28 )
Net income available to common stockholders   $ 10,351     $ 4,370  
Basic weighted average common shares outstanding     29,757       16,350  
Effect of dilutive options     392       56  
Diluted weighted average common shares outstanding     30,149       16,406  
Earnings per common share:                
Basic   $ 0.35     $ 0.27  
Diluted     0.34       0.27