Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

The following table sets forth the computation of basic and diluted earnings per share:


(Dollars in thousands,	Quarters Ended September 30,				Nine Months Ended September 30,
except share and per share data)	2014		2013		2014		2013
Net income	$	9,761	$	6,948	$	51,792	$	27,977

Basic earnings per share:
Weighted average shares outstanding – basic		25,137,531		25,082,237		25,126,684		25,065,725

Net income per share	$	0.39	$	0.28	$	2.06	$	1.12

Diluted earnings per share:
Weighted average shares outstanding – diluted		25,334,716		25,189,072		25,323,187		25,150,920

Net income per share	$	0.39	$	0.28	$	2.05	$	1.11

A reconciliation of weighted average shares for basic earnings per share to weighted average shares for diluted earnings per share is as follows:


	Quarters Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Weighted average shares for basic earnings per share		25,137,531		25,082,237		25,126,684		25,065,725
Non-vested restricted stock		89,114		42,526		88,710		48,540
Options		108,071		64,309		107,793		36,655

Weighted average shares for diluted earnings per share		25,334,716		25,189,072		25,323,187		25,150,920