Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following table presents a summary of per common share data and amounts for the periods indicated.

	Years ended December 31,
(in thousands, except per share data)	2014		2013		2012
Net income as reported	$	27,173	$	33,104	$	28,296
Preferred stock dividend	—		—		(1,488		)
Accretion of preferred stock discount	—		—		(1,707		)
Net income available to common shareholders	$	27,173	$	33,104	$	25,101
Impact of assumed conversions
Interest on 9% convertible trust preferred securities, net of income tax	66		1,015		1,485
Net income available to common shareholders and assumed conversions	$	27,239	$	34,119	$	26,586
Weighted average common shares outstanding	19,761		18,582		17,859
Incremental shares from assumed conversions of convertible trust preferred securities	57		1,001		1,439
Additional dilutive common stock equivalents	292		168		40
Weighted average diluted common shares outstanding	$	20,110	$	19,751	$	19,338
Basic earnings per common share:	$	1.38	$	1.78	$	1.41
Diluted earnings per common share:	$	1.35	$	1.73	$	1.37

There were 0.3 million common stock equivalents for fiscal year 2014; 0.5 million common stock equivalents for fiscal year 2013; and 1.0 million common stock equivalents (including 324,074 common stock warrants) for fiscal year 2012, which were excluded from the earnings per share calculations because their effect was anti-dilutive.