XML 95 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 11 - Net Income per Common Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 11 - Net Income per Common Share


The calculation of net income per common share for the years ended December 31 was as follows:  


   

2013

   

2012

   

2011

 

(dollars and shares in thousands, except per share data)

                       

Basic:

                       

Net income available to common shareholders

  $ 46,441     $ 34,723     $ 23,047  

Average common shares outstanding

    25,726       23,136       21,819  

Basic net income per common share

  $ 1.81     $ 1.50     $ 1.05  
                         

Diluted:

                       

Net income available to common shareholders

  $ 46,441     $ 34,723     $ 23,047  

Average common shares outstanding

    25,726       23,136       21,819  

Adjustment for common share equivalents

    633       608       498  

Average common shares outstanding-diluted

    26,359       23,744       22,317  

Diluted net income per common share

  $ 1.76     $ 1.46     $ 1.04  
                         

Anti-dilutive shares

    35,079       131,182       218,620  

The Company declared a 10% stock dividend payable on June 14, 2013. Per share amounts and the number of outstanding shares for periods ended prior to June 30, 2013 have been adjusted to give effect to the 10% common stock dividend.