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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Share  
Schedule of calculation of both basic and diluted earnings per common share

 

 

 

 

 

For the Three Months Ended March 31,

 

 

 

 

2013

 

 

2012

 

(dollar amounts in thousands except per share data)

 

 

Net
Income

 

Shares

 

 

Net
Income

 

Shares

 

Net income

 

 

$

3,730

 

 

 

 

$

1,585

 

 

 

Dividends and accretion on preferred stock

 

 

(358)

 

 

 

 

(381)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income  available to common shareholders

 

 

$

3,372

 

 

 

 

$

1,204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

 

 

25,112,004

 

 

 

 

25,057,664

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

 

$

0.13

 

 

 

 

$

0.05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of share-based compensation awards, common stock warrants, and convertible perpetual preferred stock

 

 

 

 

1,415,453

 

 

 

 

1,232,706

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average diluted shares outstanding

 

 

 

 

26,527,457

 

 

 

 

26,290,370

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

 

$

0.13

 

 

 

 

$

0.05