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Earnings Per Share Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of the basic and diluted earnings per share for the three and six months ended June 30, 2012 and 2013: 

For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2012
 
2013
 
2012
 
2013
 
 
 
 
 
 
Net income
$
2,663

 
$
4,144

 
$
7,122

 
$
9,403

Net income allocated to non-vested share awards
(85
)
 
(73
)
 
(196
)
 
(170
)
Preferred stock dividend
(3
)
 

 
(7
)
 
(4
)
Undistributed earnings available to common stockholders
$
2,575

 
$
4,071

 
$
6,919

 
$
9,229

Income from discontinued operations
203

 
539

 
742

 
366

Undistributed earnings from continuing operations available to common stockholders
$
2,372

 
$
3,532

 
$
6,177

 
$
8,863

 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding for basic EPS computation
18,077

 
18,201

 
18,171

 
18,170

Effect of dilutive securities:
 
 
 
 
 
 

Stock options
76

 
164

 
66

 
181

Convertible junior subordinated debentures

 

 

 
4,392

Weighted average number of common and common equivalent shares outstanding for diluted EPS computation
18,153

 
18,365

 
18,237

 
22,743

 
 
 
 
 
 
 
 
Basic earnings per common share:
 
 
 
 
 
 
 
Undistributed earnings
$
0.14

 
$
0.20

 
$
0.34

 
$
0.49

Allocation of earnings to non-vested share awards

 

 
0.01

 
0.01

Basic earnings per share from continuing operations
$
0.14

 
$
0.20

 
$
0.35

 
$
0.50

Discontinued operations
0.01

 
0.03

 
0.04

 
0.02

Basic earnings per common share
$
0.15

 
$
0.23

 
$
0.39

 
$
0.52

 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
Undistributed earnings
$
0.14

 
$
0.20

 
$
0.34

 
$
0.45

Allocation of earnings to non-vested share awards

 

 
0.01

 
$
0.01

Diluted earnings per share from continuing operations
$
0.14

 
$
0.20

 
$
0.35

 
$
0.46

Discontinued operations
0.01

 
0.03

 
0.04

 
0.02

Diluted earnings per common share
$
0.15

 
$
0.23

 
$
0.39

 
$
0.48

Schedule of Calculation of Numerator and Denominator in Earnings Per Share
The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three months ended June 30, 2013: 
 
For the Three Months Ended
June 30, 2013
 
Income (Numerator)
 
Shares (Denominator)
 
Per-Share Amount
Net income
$
4,144

 
 
 


Less: Preferred Stock dividends

 
 
 
 
 
 
 
 
 
 
Basic earnings per share
 
 
 
 
 
Net income available to common stockholders
4,144

 
18,201

 
$
0.23

 
 
 
 
 
 
Effect of dilutive securities
 
 
 
 
 
Stock options

 
164

 
 
Convertible junior subordinated debentures

 

 
 
 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
Net income available to common stockholders and assumed conversions
$
4,144

 
18,365

 
$
0.23

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the six months ended June 30, 2013: 
 
For the Six Months Ended
June 30, 2013
 
Income (Numerator)
 
Shares (Denominator)
 
Per-Share Amount
Net income
$
9,403

 
 
 


Less: Preferred Stock dividends
(4
)
 
 
 
 
 
 
 
 
 
 
Basic earnings per share
 
 
 
 
 
Net income available to common stockholders
9,399

 
18,170

 
$
0.52

 
 
 
 
 
 
Effect of dilutive securities
 
 
 
 
 
Stock options

 
181

 
 
Convertible junior subordinated debentures
1,474

 
4,392

 
 
 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
Net income available to common stockholders and assumed conversions
$
10,873

 
22,743

 
$
0.48