General (Tables)

9 Months Ended

Sep. 30, 2014

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:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Amounts in thousands, except share and per share data)	2014		2013		2014		2013
Net income	$	7,043	$	5,412	$	19,775	$	17,988
Dividends on preferred stock		228		261		683		772
Net income available to common shareholders	$	6,815	$	5,151	$	19,092	$	17,216
Weighted average number of common shares outstanding, basic		18,402,764		20,008,861		18,407,173		20,013,095
Dilutive effect of potential common shares from:
Stock options		17,375		19,877		18,027		17,640
Restricted stock		568		3,588		506		6,613
Convertible preferred stock		1,045,419		1,091,462		1,046,430		1,158,715
Weighted average number of common shares outstanding, diluted		19,466,126		21,123,788		19,472,136		21,196,063
Basic earnings per common share	$	0.37	$	0.26	$	1.04	$	0.86
Diluted earnings per common share		0.36		0.26		1.02		0.85
Antidilutive potential common shares:
Stock options		255,244		310,558		255,244		328,258
Restricted stock		—		76		—		26
Total potential antidilutive shares		255,244		310,634		255,244		328,284