Note 8 - Net Income Per Common Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 8. Net Income per Common Share

The calculation of net income per common share for the three and nine months ended September 30, 2015 and 2014 was as follows.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars and shares in thousands, except per share data)	2015		2014		2015		2014
Basic:
Net income available to common shareholders	$	21,283	$	13,937	$	61,280	$	39,097
Average common shares outstanding		33,401		26,024		32,625		25,978
Basic net income per common share	$	0.64	$	0.54	$	1.88	$	1.50
Diluted:
Net income available to common shareholders	$	21,283	$	13,937	$	61,280	$	39,097
Average common shares outstanding		33,401		26,024		32,625		25,978
Adjustment for common share equivalents		625		630		653		640
Average common shares outstanding-diluted		34,026		26,654		33,278		26,618
Diluted net income per common share	$	0.63	$	0.52	$	1.84	$	1.47
Anti-dilutive shares		-		21		11		21