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Earnings Per Share ("EPS")
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share ("EPS")
Earnings Per Share (“EPS”)
Basic EPS does not reflect the possibility of dilution that could result from the issuance of additional shares of common stock upon exercise or conversion of outstanding securities, and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted to common stock that would then share in our earnings. For the three months ended June 30, 2014 and 2013, stock options and restricted shares awards for 86,103 shares and 192,227 shares of common stock, respectively, were excluded in computing diluted earnings per common share because they were antidilutive. For the six months ended June 30, 2014 and 2013, stock options and restricted shares awards for 80,661 shares and 198,565 shares of common stock, respectively, were excluded in computing diluted earnings per common share because they were antidilutive. Additionally, warrants, issued pursuant to the Company's participation in the U.S. Treasury's TARP Capital Purchase Plan, to purchase 18,482 shares and 18,114 shares of common stock were antidilutive and excluded for the three and six months ended June 30, 2014 and 2013, respectively.
The following table shows the computation of basic and diluted EPS for the three months ended June 30, 2014 and 2013.
 
 
Three Months Ended June 30,
 
2014

2013
 
Net income
(Numerator)
 
Weighted-Average Shares
(Denominator)
 
Per
Share
(Amount)
 
Net income
(Numerator)
 
Weighted-Average Shares
(Denominator)
 
Per
Share
(Amount)
 
(In thousands, except share and per share data)
Basic EPS - common stock
$
22,312

 
79,490,767

 
$
0.28

 
$
22,671

 
79,062,233

 
$
0.29

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options and performance units
 
 
40,119

 
 
 
 
 
155,890

 
 
Common stock warrants
 
 
83,160

 
 
 
 
 
18,609

 
 
Diluted EPS - common stock
$
22,312

 
79,614,046

 
$
0.28

 
$
22,671

 
79,236,732

 
$
0.29


 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
2014
 
2013
 
Net income
available to
common
stockholders
(Numerator)
 
Weighted-Average Shares
(Denominator)
 
Per
Share
(Amount)
 
Net income
available to
common
stockholders
(Numerator)
 
Weighted-Average Shares
(Denominator)
 
Per
Share
(Amount)
 
(In thousands, except share and per share data)
Basic EPS - common stock
$
44,508

 
79,481,359

 
$
0.56

 
$
40,132

 
78,746,444

 
$
0.51

Effect of Dilutive Securities:
 
 
 
 
 
 
 
 
 
 
 
Stock Options and Performance Units
 
 
49,132

 
 
 
 
 
238,957

 
 
Common stock warrants
 
 
87,955

 
 
 
 
 
15,410

 
 
Diluted EPS - common stock
$
44,508

 
79,618,446

 
$
0.56

 
$
40,132

 
79,000,811

 
$
0.51