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EARNINGS PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:

 
 
Three months ended
 
Nine months ended
 
 
September 30,
 
September 30,
(Dollars in thousands, except per share data)
 
2012
 
2011
 
2012
 
2011
Numerator for basic and diluted earnings per share -income available to common shareholders:
 
 
 
 
 
 
 
 
Net income
 
$
16,242

 
$
15,618

 
$
51,038

 
$
48,798

Dividends on preferred stock
 
0

 
0

 
0

 
0

Income available to common shareholders
 
$
16,242

 
$
15,618

 
$
51,038

 
$
48,798

Denominator for basic earnings per share - weighted average shares
 
57,976,943

 
57,735,811

 
57,902,102

 
57,674,250

Effect of dilutive securities —
 
 

 
 

 
 
 
 
Employee stock awards
 
842,833

 
841,604

 
905,210

 
930,461

Warrants
 
120,403

 
76,684

 
123,258

 
95,241

Denominator for diluted earnings per share - adjusted weighted average shares
 
58,940,179

 
58,654,099

 
58,930,570

 
58,699,952

Earnings per share available to common shareholders
 
 

 
 

 
 
 
 
Basic
 
$
0.28

 
$
0.27

 
$
0.88

 
$
0.85

Diluted
 
$
0.28

 
$
0.27

 
$
0.87

 
$
0.83