Note 5 - Net Income per Common Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 5. Net Income per Common Share

The calculation of net income per common share for the nine and three months ended March 31, 2014 and 2013 was as follows.

	Three Months Ended
	March 31,
(dollars and shares in thousands, except per share data)	2014		2013
Basic:
Net income available to common shareholders	$	12,358	$	11,431
Average common shares outstanding		25,928		25,519
Basic net income per common share	$	0.48	$	0.45
Diluted:
Net income available to common shareholders	$	12,358	$	11,431
Average common shares outstanding		25,928		25,519
Adjustment for common share equivalents		647		703
Average common shares outstanding-diluted		26,575		26,222
Diluted net income per common share	$	0.47	$	0.44
Anti-dilutive shares		21,000		101,466

The Company declared a 10% stock divided payable on June 14, 2013. Per share amounts and the number of outstanding shares for periods ended prior to June 30, 2013 have been adjusted to give effect to the 10% common stock dividend.