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Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2013
Accounting Policies [Abstract]  
Summary of Computation of Basic and Diluted Earnings Per Share

The following table shows computation of basic and diluted earnings per share.

 

     Three months ended
September 30
     Nine months ended
September 30
 
     2013      2012      2013      2012  
     (Unaudited)      (Unaudited)      (Unaudited)      (Unaudited)  

Basic earnings per share

           

Net income

   $ 4,785       $ 4,850       $ 15,761       $ 14,373   

Less: Preferred stock dividends and accretion of discount

     66         63         308         325   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income available to common shareholders

   $ 4,719       $ 4,787       $ 15,453       $ 14,048   

Weighted average common shares outstanding (1)(2)

     8,618,969         8,503,475         8,617,972         7,758,537   

Basic earnings per share

   $ 0.55       $ 0.56       $ 1.79       $ 1.81   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per share

           

Net income available to common shareholders

   $ 4,719       $ 4,787       $ 15,453       $ 14,048   

Weighted average common shares outstanding (1)(2)

     8,618,969         8,503,475         8,617,972         7,758,537   

Effect of dilutive securities:

           

Warrants

     314,353         269,431         299,704         231,037   

Restricted stock

     40,833         30,971         39,883         19,317   

Stock options

     45,056         34,782         41,069         26,105   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding

     9,019,211         8,838,659         8,998,628         8,034,996   

Diluted earnings per share

   $ 0.52       $ 0.54       $ 1.72       $ 1.75   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Adjusted for 3:2 stock split on November 9, 2012
(2) Includes average shares issued for the Heartland acquisition for the three and nine months ending September 30, 2012