Computation of Basic and Diluted Earnings per Share |
The following table sets forth the computation of basic and diluted earnings per common share: | | | | | | | | | | | | | Year Ended December 31, | 2012 | | 2011 | | 2010 | Net income | $ | 58,224 |
| | $ | 44,546 |
| | $ | 37,356 |
| Less preferred stock dividends | 3,300 |
| | 3,422 |
| | 3,422 |
| Net income available to common shareholders, basic and diluted | $ | 54,924 |
| | $ | 41,124 |
| | $ | 33,934 |
| | | | | | | Weighted average common shares outstanding for basic earnings per share computation | 42,965,987 |
| | 42,749,526 |
| | 39,907,640 |
| Dilutive effects of stock-based compensation | 126,991 |
| | 97,670 |
| | 219,725 |
| Weighted average common shares outstanding for diluted earnings per common share computation | 43,092,978 |
| | 42,847,196 |
| | 40,127,365 |
| | | | | | | Basic earnings per common share | $ | 1.28 |
| | $ | 0.96 |
| | $ | 0.85 |
| Diluted earnings per common share | $ | 1.27 |
| | $ | 0.96 |
| | $ | 0.85 |
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