Earnings Per Common Share

3 Months Ended

Mar. 31, 2013

Earnings Per Common Share [Abstract]

EARNINGS PER COMMON SHARE

NOTE 2. EARNINGS PER COMMON SHARE

Earnings per common share are calculated as follows:

	For the Three Months Ended March 31,
(unaudited, in thousands, except shares and per share amounts)	2013		2012
Numerator for both basic and diluted earnings per common share:
Net income	$	16,021	$	11,990
Denominator:
Total average basic common shares outstanding		29,211,321		26,628,025
Effect of dilutive stock options		57,162		3,162
Total diluted average common shares outstanding		29,268,483		26,631,187
Earnings per common share - basic	$	0.55	$	0.45
Earnings per common share - diluted	$	0.55	$	0.45