| Computation Of Basic And Diluted Earnings Per Common Share |
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(Dollars in thousands, except earnings per share data)
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2014
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2013
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2012
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Numerator:
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Net income
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$
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21,030
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$
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17,435
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$
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16,187
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Preferred dividend
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-
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-
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(2,196)
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Warrant amortization
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-
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-
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(1,545)
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Net income available to common shareholders
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21,030
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17,435
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12,446
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Earnings allocated to participating securities
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(253)
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(139)
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-
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Numerator for basic earnings per common share
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$
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20,777
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$
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17,296
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$
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12,446
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Effect of reallocating undistributed earnings
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of participating securities
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253
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139
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-
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Numerator for diluted earnings per common share
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$
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21,030
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$
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17,435
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$
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12,446
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Denominator:
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Denominator for basic earnings per common share
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19,416,582
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19,516,776
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19,374,098
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Dilutive effect of stock compensation
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142,877
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87,469
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-
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Denominator for diluted earnings per common share
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19,559,459
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19,604,245
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19,374,098
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Earnings per common share:
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Basic
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$
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1.07
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$
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0.89
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$
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0.64
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Diluted
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$
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1.07
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$
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0.89
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$
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0.64
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