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Note 8 - Net Income Per Common Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 8. Net Income per Common Share


The calculation of net income per common share for the nine and three months ended September 30, 2014 and 2013 was as follows.


   

Nine Months Ended

   

Three Months Ended

 
   

September 30,

   

September 30,

 

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

 

2014

   

2013

   

2014

   

2013

 

Basic:

                               

Net income available to common shareholders

  $ 39,097     $ 34,579     $ 13,937     $ 11,615  

Average common shares outstanding

    25,978       25,689       26,024       25,784  

Basic net income per common share

  $ 1.50     $ 1.35     $ 0.54     $ 0.45  
                                 

Diluted:

                               

Net income available to common shareholders

  $ 39,097     $ 34,579     $ 13,937     $ 11,615  

Average common shares outstanding

    25,978       25,689       26,024       25,784  

Adjustment for common share equivalents

    640       615       630       642  

Average common shares outstanding-diluted

    26,618       26,304       26,654       26,426  

Diluted net income per common share

  $ 1.47     $ 1.31     $ 0.52     $ 0.44  
                                 

Anti-dilutive shares

    21,000       101,466       21,000       95,966