| Schedule of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2011 and 2010: | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, | | September 30, | (in thousands except per share) | | 2011 | | 2010 | | 2011 | | 2010 | Basic EPS: | | | | | | | | | Net income | | $ | 18,872 |
| | $ | 5,204 |
| | $ | 33,283 |
| | $ | 18,176 |
| Less: Preferred dividends and accretion of issuance discount for preferred stock | | — |
| | (2,730) |
| | — |
| | (4,947) |
| Net income applicable to common shareholders | | $ | 18,872 |
| | $ | 2,474 |
| | $ | 33,283 |
| | $ | 13,229 |
| Less: Earnings allocated to participating securities | | (177) |
| | (22) |
| | (311) |
| | (127) |
| Earnings allocated to common shareholders | | $ | 18,695 |
| | $ | 2,452 |
| | $ | 32,972 |
| | $ | 13,102 |
| Weighted average common shares outstanding | | 39,131 |
| | 38,976 |
| | 39,092 |
| | 33,938 |
| Basic earnings per common share | | $ | 0.48 |
| | $ | 0.06 |
| | $ | 0.84 |
| | $ | 0.39 |
| Diluted EPS: | | | | | | | | | Earnings allocated to common shareholders | | $ | 18,695 |
| | $ | 2,452 |
| | $ | 32,972 |
| | $ | 13,102 |
| Weighted average common shares outstanding | | 39,131 |
| | 38,976 |
| | 39,092 |
| | 33,938 |
| Dilutive effect of equity awards and warrants | | 61 |
| | 161 |
| | 75 |
| | 204 |
| Weighted average diluted common shares outstanding | | 39,192 |
| | 39,137 |
| | 39,167 |
| | 34,142 |
| Diluted earnings per common share | | $ | 0.48 |
| | $ | 0.06 |
| | $ | 0.84 |
| | $ | 0.38 |
| Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive. | | 75 |
| | 62 |
| | 62 |
| | 54 |
|
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