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General (Tables) | 9 Months Ended
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Sep. 30, 2013
Calculation for Basic and Diluted Earnings per Common Share | The calculation for basic and diluted earnings per common share follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
(Amounts in thousands, except share and per share data) |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 5,412 |  |  | $ | 10,059 |  |  | $ | 17,988 |  |  | $ | 20,138 |
Dividends on preferred stock |  |  | 261 |  |  |  | 220 |  |  |  | 772 |  |  |  | 786 |
Net income available to common shareholders |  | $ | 5,151 |  |  | $ | 9,839 |  |  | $ | 17,216 |  |  | $ | 19,352 |
Weighted average common shares outstanding, basic |  |  | 20,008,861 |  |  |  | 20,013,264 |  |  |  | 20,013,095 |  |  |  | 18,812,516 |
Diluted shares for stock options and restricted stock |  |  | 35,850 |  |  |  | 19,138 |  |  |  | 31,671 |  |  |  | 7,384 |
Weighted average convertible preferred shares |  |  | 1,091,462 |  |  |  | 1,301,049 |  |  |  | 1,158,715 |  |  |  | 1,304,038 |
Weighted average common shares outstanding, diluted |  |  | 21,136,173 |  |  |  | 21,333,451 |  |  |  | 21,203,481 |  |  |  | 20,123,938 |
Basic earnings per common share |  | $ | 0.26 |  |  | $ | 0.49 |  |  | $ | 0.86 |  |  | $ | 1.03 |
Diluted earnings per common share |  | $ | 0.26 |  |  | $ | 0.47 |  |  | $ | 0.85 |  |  | $ | 1.00 |
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 |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Stock options |  |  | 339,008 |  |  |  | 338,536 |  |  |  | 339,008 |  |  |  | 450,966 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of the change in stock options. + References No definition available. + Details
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