Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings Per Common Share

Schedule of Basic and Diluted Earnings Per Share

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands except per share)	2011			2010			2011			2010
Basic EPS:
Net income	$	8,632		$	5,056		$	14,411		$	12,972
Less: Preferred dividends and accretion of issuance discount for preferred stock		0			(1,110	)		0			(2,217	)
Net income applicable to common shareholders	$	8,632		$	3,946		$	14,411		$	10,755
Less: Earnings allocated to participating securities		(82	)		(38	)		(135	)		(109	)
Earnings allocated to common shareholders	$	8,550		$	3,908		$	14,276		$	10,646
Weighted average common shares outstanding		39,107			34,829			39,073			31,376
Basic earnings per common share	$	0.22		$	0.11		$	0.37		$	0.34
Diluted EPS:
Earnings allocated to common shareholders	$	8,550		$	3,908		$	14,276		$	10,646
Weighted average common shares outstanding		39,107			34,829			39,073			31,376
Dilutive effect of equity awards and warrants		59			248			86			231
Weighted average diluted common shares outstanding		39,166			35,077			39,159			31,607
Diluted earnings per common share	$	0.22		$	0.11		$	0.36		$	0.34
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive.		62			54			54			54