General (Tables)

3 Months Ended

Mar. 31, 2013

Calculation for Basic and Diluted Earnings per Common Share

The calculation for basic and diluted earnings per common share follows:


	Three Months Ended
	March 31,
	2013		2012
(Amounts in thousands, except share and per share data)
Net income	$	7,141	$	6,001
Dividends on preferred stock		258		283

Net income available to common shareholders	$	6,883	$	5,718

Weighted average common shares outstanding, basic		20,032,694		17,849,376
Diluted shares for stock options		159,323		34,998
Weighted average convertible preferred shares		1,202,049		1,305,549

Weighted average common shares outstanding, diluted		21,394,066		19,189,923


Basic earnings per common share	$	0.34	$	0.32
Diluted earnings per common share	$	0.33	$	0.31

Options to Purchase Company's Common Stock

The following outstanding options to purchase Common Stock were excluded from the calculation of diluted earnings per share because the exercise price was greater than the market value of the Common Stock, which would result in an antidilutive effect on diluted earnings per share:


	Three Months Ended
	March 31,
	2013		2012

Options		337,693		451,915