| Calculation for Basic and Diluted Earnings per Common Share |
The following table presents the calculation of basic and diluted
earnings per common share for the periods indicated:
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Three Months
Ended |
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March 31, |
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| (Amounts in thousands, except share and per
share data) |
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2014 |
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2013 |
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Net income
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$ |
5,725 |
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$ |
7,141 |
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Dividends on preferred stock
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228 |
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|
258 |
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Net income available to common shareholders
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$ |
5,497 |
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$ |
6,883 |
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Weighted average number of common shares outstanding, basic
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18,423,123 |
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20,032,694 |
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Dilutive effect of potential common shares from:
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Stock options
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22,636 |
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17,101 |
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Restricted stock
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|
730 |
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6,646 |
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Convertible preferred stock
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1,048,486 |
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1,202,049 |
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Contingently issuable shares
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11,672 |
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— |
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Weighted average number of common shares outstanding, diluted
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19,506,647 |
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21,258,490 |
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Basic earnings per common share
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$ |
0.30 |
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$ |
0.34 |
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Diluted earnings per common share
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0.29 |
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0.34 |
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Antidilutive potential common shares:
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Stock options
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245,030 |
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337,693 |
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