The following table is the reconciliation of basic and fully diluted earnings per share for the years ended December 31, 2012, 2011 and 2010 (dollars in thousands except per share amounts):

	2012				2011				2010

	Basic		Fully Diluted		Basic		Fully Diluted		Basic		Fully Diluted
Net income	$	37,142	$	37,142	$	27,600	$	27,600	$	26,872	$	26,872

Weighted average shares outstanding		69,702,417		69,702,417		58,633,627		58,633,627		58,578,599		58,578,599
Effect of dilutive securities		—		43,839		—		2,804		—		4,586

Adjusted weighted average shares outstanding		69,702,417		69,746,256		58,633,627		58,636,431		58,578,599		58,583,185

Earnings per share	$	0.53	$	0.53	$	0.47	$	0.47	$	0.46	$	0.46