General (Tables)

6 Months Ended

Jun. 30, 2014

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


	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in thousands, except share and per share data)	2014		2013		2014		2013
Net income	$	7,007	$	5,435	$	12,732	$	12,576
Dividends on preferred stock		227		253		455		511

Net income available to common shareholders	$	6,780	$	5,182	$	12,277	$	12,065

Weighted average number of common shares outstanding, basic		18,395,996		19,997,991		18,409,414		20,015,247
Dilutive effect of potential common shares from:
Stock options		15,577		15,952		18,467		16,512
Restricted stock		245		7,284		508		6,956
Convertible preferred stock		1,045,419		1,183,851		1,046,944		1,192,900

Weighted average number of common shares outstanding, diluted		19,457,237		21,205,078		19,475,333		21,231,615

Basic earnings per common share	$	0.37	$	0.26	$	0.67	$	0.60
Diluted earnings per common share		0.36		0.26		0.65		0.59
Antidilutive potential common shares:
Stock options		253,082		337,693		253,082		337,693