Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Earnings per share consisted of the following components for the periods indicated:

	Three Months Ended				Six Months Ended
	June 30				June 30
	2013		2012		2013		2012
	(Dollars in thousands, except per share data)
Net income	$	12,758	$	8,874	$	25,010	$	21,057
Weighted Average Shares
Basic shares	22,888,155		21,623,827		22,856,132		21,592,416
Effect of diluted securities	52,144		20,377		49,104		22,251
Dilutive shares	22,940,299		21,644,204		22,905,236		21,614,667
Net income per share
Basic EPS	$	0.56	$	0.41	$	1.09	$	0.98
Effect of diluted securities	—		—		—		(0.01		)
Dilutive EPS	$	0.56	$	0.41	$	1.09	$	0.97

The following table illustrates the options to purchase common stock that were excluded from the calculation of diluted earnings per share because they were anti-dilutive:

	Three Months Ended		Six Months Ended
	June 30		June 30
	2013	2012	2013	2012
Stock options	241,268	804,249	245,312	807,147