NET INCOME PER COMMON SHARE

9 Months Ended

Sep. 30, 2011

NET INCOME PER COMMON SHARE

NOTE 10 – 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				Nine Months Ended
	September 30,				September 30,
(Dollars and amounts in thousands, except per share data)	2011		2010		2011		2010
Net income	$	11,257	$	8,484	$	26,844	$	15,244
Less: Dividends - preferred stock		-		2,074		-		4,477
Net income (loss) available to common stockholders	$	11,257	$	6,410	$	26,844	$	10,767
Basic:
Basic weighted average EPS shares		24,099		24,004		24,081		21,772
Basic net income per share	$	0.47	$	0.35	$	1.11	$	0.70
Basic net income per common share		0.47		0.27		1.11		0.49
Diluted:
Basic weighted average EPS shares		24,099		24,004		24,081		21,772
Dilutive common stock equivalents		43		98		47		40
Dilutive EPS shares		24,142		24,102		24,128		21,812
Diluted net income per share	$	0.47	$	0.35	$	1.11	$	0.70
Diluted net income per common share		0.47		0.27		1.11		0.49
Anti-dilutive shares		697		655		716		790