Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share

Schedule of Earnings Per Share, Basic and Diluted (Table Text Block)

The following table sets forth the computation of basic and diluted EPS for the periods indicated.

		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
Net income available to common shareholders
	for basic and diluted earnings per share	$	17,656	$	14,334	$	49,699	$	48,499
Weighted average common and common equivalent shares
	outstanding used to calculate basic earnings per share	15,369,285		15,312,178		15,355,623		15,277,560
Common equivalent shares- stock options		4,051		7,707		6,244		6,840
Common equivalent shares- non-vested stock grants		56,473		-		33,567		-
Weighted average common and common equivalent shares
	outstanding used to calculate diluted earnings per share	15,429,809		15,319,885		15,395,434		15,284,400
	Basic earnings per share	$	1.15	$	0.94	$	3.24	$	3.17
	Diluted earnings per share	$	1.14	$	0.94	$	3.23	$	3.17