| Schedule of computation of EPS Basic and Diluted Table Text Block |
Calculation of basic earnings per share
(Basic EPS) and diluted earnings per share (Diluted EPS) is shown below.
| |
|
Year ended December 31, |
| (in thousands, except share and per share data) |
|
2014 |
|
2013 |
|
2012 |
| Basic |
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
52,041 |
|
|
$ |
50,856 |
|
|
$ |
31,285 |
|
| Less: dividends and undistributed earnings allocated to unvested restricted stock awards |
|
|
(503 |
) |
|
|
(418 |
) |
|
|
(115 |
) |
| Net earnings allocated to common shareholders |
|
|
51,538 |
|
|
|
50,438 |
|
|
|
31,170 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average shares outstanding, including participating securities |
|
|
14,824,333 |
|
|
|
14,587,187 |
|
|
|
12,843,618 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Less: average participating securities |
|
|
(147,711 |
) |
|
|
(109,570 |
) |
|
|
(46,445 |
) |
| Weighted average shares outstanding - Basic |
|
|
14,676,622 |
|
|
|
14,477,617 |
|
|
|
12,797,173 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted |
|
|
|
|
|
|
|
|
|
|
|
|
| Net earnings allocated to common shareholders |
|
|
51,538 |
|
|
|
50,438 |
|
|
|
31,170 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average shares outstanding - Basic |
|
|
14,676,622 |
|
|
|
14,477,617 |
|
|
|
12,797,173 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Dilutive effect of common stock options or restricted stock awards |
|
|
113,002 |
|
|
|
96,302 |
|
|
|
38,870 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average shares outstanding - Diluted |
|
|
14,789,624 |
|
|
|
14,573,919 |
|
|
|
12,836,043 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic EPS |
|
|
3.51 |
|
|
|
3.48 |
|
|
|
2.44 |
|
| Diluted EPS |
|
|
3.48 |
|
|
|
3.46 |
|
|
|
2.43 |
|
|