NET INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 2011

NET INCOME PER COMMON SHARE

NOTE 9 – NET INCOME PER COMMON SHARE

The calculation of net income per common share for the periods indicated is presented in the following table.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars and amounts in thousands, except per share data)	2011		2010		2011		2010
Net income	$	8,296	$	6,259	$	15,587	$	6,760
Less: Dividends - preferred stock		-		1,203		-		2,403
Net income (loss) available to common stockholders	$	8,296	$	5,056	$	15,587	$	4,357
Basic:
Basic weighted average EPS shares		24,091		23,993		24,072		20,637
Basic net income per share	$	0.34	$	0.26	$	0.65	$	0.33
Basic net income per common share		0.34		0.21		0.65		0.21
Diluted:
Basic weighted average EPS shares		24,091		23,993		24,072		20,637
Dilutive common stock equivalents		39		40		51		18
Dilutive EPS shares		24,130		24,033		24,123		20,655
Diluted net income per share	$	0.34	$	0.26	$	0.65	$	0.33
Diluted net income per common share		0.34		0.21		0.65		0.21
Anti-dilutive shares		741		732		717		892