EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2015

Earnings per common share are calculated as follows:


	For the Three Months Ended March 31,
*(unaudited, in thousands, except shares and per share amounts)*	2015		2014
Numerator for both basic and diluted earnings per common share:
Net income	$	13,887	$	16,421


Denominator:
Total average basic common shares outstanding		34,393,137		29,182,183
Effect of dilutive stock options and warrant		85,198		80,497

Total diluted average common shares outstanding		34,478,335		29,262,680


Earnings per common share - basic	$	0.40	$	0.56
Earnings per common share - diluted	$	0.40	$	0.56