EX-11 2 ex11.htm EXHIBIT 11

Exhibit 11

Statement re Computation of Per Share Earnings

The composition of basic and diluted earnings per share were as follows for:

(Dollars in thousands, except per share amounts)

|  | For the three months ended March 31, |
|  | 2014 |  |  | 2013 |
Net income available to common stockholders |  | $ | 6,274 |  |  | $ | 14,050 |
Weighted average number of common shares outstanding |  |  | 43,343,502 |  |  |  | 42,928,109 |
Effect of stock options |  |  | 50,078 |  |  |  | 21,745 |
Weighted average diluted number of common shares outstanding |  |  | 43,393,580 |  |  |  | 42,949,854 |
Basic earnings per share |  | $ | 0.14 |  |  | $ | 0.33 |
Diluted earnings per share |  | $ | 0.14 |  |  | $ | 0.33 |