Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Earnings Per Share
Earnings per common share were calculated as follows: 
 
 
For the Year Ended December 31,
(in thousands, except per share data)
 
2014
 
2013
 
2012
Net income
 
$
30,036

 
$
27,638

 
$
25,327

  Less preferred stock dividends and accretion of discount
 
—

 
(2,463
)
 
(3,293
)
Net income available to common equity
 
$
30,036

 
$
25,175

 
$
22,034

 
 
 
 
 
 
 
Weighted average common shares outstanding(1)
 
21,313

 
18,204

 
13,807

  Effect of stock dividends
 
—

 
432

 
1,184

Weighted average common shares outstanding – basic
 
21,313

 
18,636

 
14,991

  Effect of dilutive stock options and warrant(2)
 
2,159

 
2,098

 
1,759

Weighted average common shares outstanding – diluted
 
23,472

 
20,734

 
16,750

 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
  Basic
 
$
1.41

 
$
1.35

 
$
1.47

  Diluted
 
$
1.28

 
$
1.21

 
$
1.32



(1) Weighted average number of common shares outstanding include participating securities related to unvested restricted stock awards, net of forfeitures during the period.
(2) Effect of dilutive stock options and warrant reflects the potential dilution that could occur if contracts to issue common stock were exercised or converted into common stock.
Schedule of Dividends Payable
Stock dividends declared, by quarter, for the years ended December 31, 2014, 2013, and 2012 were as follows.
 
 
For the Years Ended December 31,
 
 
2014
 
2013
 
2012
First quarter
 
None
 
1 for 100
 
1 for 60
Second quarter
 
None
 
1 for 120
 
1 for 60
Third quarter
 
None
 
1 for 170
 
1 for 60
Fourth quarter
 
None
 
1 for 210
 
1 for 100