Note 5 - Net Income per Common Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Text Block]

5. Net Income per Common Share

The calculation of net income per common share for the three months ended March 31, 2013 and 2012 was as follows.

	Three Months Ended March 31,
(dollars and shares in thousands, except per share data)	2013		2012
Basic:
Net income available to common shareholders	$	11,431	$	7,492
Average common shares outstanding		23,199		20,111
Basic net income per common  share	$	0.49	$	0.37
Diluted:
Net income available to common shareholders	$	11,431	$	7,492
Average common shares outstanding		23,199		20,111
Adjustment for common share equivalents		639		513
Average common shares outstanding-diluted		23,838		20,624
Diluted net income per common share	$	0.48	$	0.36
Anti-dilutive shares		87,756		116,683