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Note 13 - Net Income Per Common Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 13 – Net Income per Common Share


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


   

2014

   

2013

   

2012

 

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

                       

Basic:

                       

Net income available to common shareholders

  $ 53,644     $ 46,441     $ 34,723  

Average common shares outstanding

    26,684       25,726       23,136  

Basic net income per common share

  $ 2.01     $ 1.81     $ 1.50  
                         

Diluted:

                       

Net income available to common shareholders

  $ 53,644     $ 46,441     $ 34,723  

Average common shares outstanding

    26,684       25,726       23,136  

Adjustment for common share equivalents

    867       633       608  

Average common shares outstanding-diluted

    27,551       26,359       23,744  

Diluted net income per common share

  $ 1.95     $ 1.76     $ 1.46  
                         

Anti-dilutive shares

    13,000       35,079       131,182  

The Company paid a 10% stock dividend 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.