Net Income Per Common Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Net Income Per Common Share

(16) NET INCOME PER COMMON SHARE

Basic and diluted net income per common share are calculated as follows:

	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(Dollars in thousands, except per share data)
Year Ended December 31, 2014
Basic
Income available to common stockholders	$	63,887		15,430,773	$	4.14
Effect of stock options		—		363,630
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	63,887		15,794,403	$	4.04
Year Ended December 31, 2013
Basic
Income available to common stockholders	$	54,317		15,268,843	$	3.56
Effect of stock options		—		279,979
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	54,317		15,548,822	$	3.49
Year Ended December 31, 2012
Basic
Income available to common stockholders	$	51,900		15,172,457	$	3.42
Effect of stock options		—		271,188
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	51,900		15,443,645	$	3.36

The following table shows the number and average exercise price of options that were excluded from the computation of diluted net income per common share for each year because the options’ exercise prices were greater than the average market price of the common shares.

	Shares		Average Exercise Price
December 31, 2014		69,405	$	55.87
December 31, 2013		118,603		42.79
December 31, 2012		604,429		38.69