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Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Summary of computation of basic and diluted earnings per share
                                 
    Three months ended     Six months ended  
    June 30     June 30  
    2013     2012     2013     2012  
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  

Basic earnings per share

                               

Net income

  $ 5,665     $ 4,910     $ 10,976     $ 9,523  

Less: Preferred stock dividends and accretion of discount

    96       106       242       263  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income available to common shareholders

  $ 5,569     $ 4,804     $ 10,734     $ 9,260  
         

Weighted average common shares outstanding (1)(2)

    8,617,466       7,434,537       8,617,466       7,428,699  
         

Basic earnings per share

  $ 0.65     $ 0.65     $ 1.25     $ 1.25  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per share

                               

Net income available to common shareholders

  $ 5,569     $ 4,804     $ 10,734     $ 9,260  
         

Weighted average common shares outstanding (1)(2)

    8,617,466       7,434,537       8,617,466       7,428,699  

Effect of dilutive securities:

                               

Warrants

    287,815       238,512       290,550       204,770  

Restricted stock

    35,263       26,373       35,411       18,561  

Stock options

    33,559       29,097       33,981       22,244  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding

    8,974,103       7,728,519       8,977,408       7,674,273  
         

Diluted earnings per share

  $ 0.62     $ 0.62     $ 1.20     $ 1.21  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1)

Adjusted for 3:2 stock split on November 9, 2012

(2)

Includes average shares issued for the Heartland acquisition for the three and six months ending June 30, 2013