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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the periods indicated:
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
 
 
(in thousands except per share)
Basic EPS:
 
 
 
 
 
 
Net income
 
$
46,143

 
$
48,037

 
$
30,784

Less: Preferred dividends and accretion of issuance discount for preferred stock
 

 

 
(4,947
)
Net income applicable to common shareholders
 
$
46,143

 
$
48,037

 
$
25,837

Less: Earnings allocated to participating securities
 
(443
)
 
(450)

 
(244)

Earnings allocated to common shareholders
 
$
45,700

 
$
47,587

 
$
25,593

Weighted average common shares outstanding
 
39,260

 
39,103

 
35,209

Basic earnings per common share
 
$
1.16

 
$
1.22

 
$
0.73

Diluted EPS:
 
 
 
 
 
 
Earnings allocated to common shareholders (1)
 
$
45,700

 
$
47,588

 
$
25,593

Weighted average common shares outstanding
 
39,260

 
39,103

 
35,209

Dilutive effect of equity awards and warrants
 
3

 
77

 
183

Weighted average diluted common shares outstanding
 
39,263

 
39,180

 
35,392

Diluted earnings per common share
 
$
1.16

 
$
1.21

 
$
0.72

Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive
 
9

 
53

 
54