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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Calculation for Basic and Diluted Earnings per Common Share

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:

 

     Year Ended December 31,  
(Amounts in thousands, except share and per share data)    2013      2012      2011  

Net income

   $ 23,312       $ 28,577       $ 20,028   

Dividends on preferred stock

     1,024         1,058         703   
  

 

 

    

 

 

    

 

 

 

Net income available to common shareholders

   $ 22,288       $ 27,519       $ 19,325   
  

 

 

    

 

 

    

 

 

 

Weighted average number of common shares outstanding, basic

     19,792,099         19,127,065         17,877,421   

Dilutive effect of potential common shares from:

        

Stock options

     19,337         4,549         1,390   

Restricted stock

     5,014         2,107         343   

Convertible preferred stock

     1,132,998         1,285,848         808,367   

Contingently issuable shares

     12,352         —           —     
  

 

 

    

 

 

    

 

 

 

Weighted average number of common shares outstanding, diluted

     20,961,800         20,419,569         18,687,521   
  

 

 

    

 

 

    

 

 

 

Basic earnings per common share

   $ 1.13       $ 1.44       $ 1.08   

Diluted earnings per common share

   $ 1.11       $ 1.40       $ 1.07   

Antidilutive potential common shares:

        

Stock options

     317,420         420,802         393,133   

Restricted stock

     271         —           2,343   
  

 

 

    

 

 

    

 

 

 

Total potential antidilutive shares

     317,691         420,802         395,476