EX-11 2 ex11.htm EXHIBIT 11

ex11.htm

Exhibit 11

Statement re Computation of Per Share Earnings

The composition of basic and diluted earnings per share was as follows for (Dollars in thousands, except per share amounts):
		Three Months Ended March 31,
		2012				2011
Net income available to common stockholders		$	7,113			$	2,716
Weighted average number of common shares outstanding			41,314,859				39,982,905
Effect of stock options			178,276				148,181
Weighted average diluted number of common shares outstanding			41,493,135				40,131,086
Basic earnings per share		$	0.17			$	0.07
Diluted earnings per share		$	0.17			$	0.07