Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE (Tables)

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EARNINGS PER COMMON SHARE (Tables)
3 Months Ended
Mar. 31, 2013
Text Block [Abstract]  
Basic And Diluted Earning Per Share

Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options and warrants.

 

  Three Months Ended March 31,  
  2013     2012  
 

 (In Thousands, Except Shares and Per Share Data)

 
Earnings per common share            
Weighted average common shares outstanding     6,341,605       5,946,006  
Net income available to common stockholders   $ 9,151     $ 8,156  
Basic earnings per common share   $ 1.44     $ 1.37  
                 
Weighted average common shares outstanding     6,341,605       5,946,006  
Dilutive effects of assumed conversions and                
exercise of stock options and warrants     734,900       967,863  
Weighted average common and dilutive potential                
common shares outstanding     7,076,505       6,913,869  
Net income, available to common stockholders   $ 9,151     $ 8,156  
Effect of interest expense on convertible debt, net of tax and                
discretionary expenditures related to conversion   $ 132     $ 142  
Net income available to common stockholders, adjusted                
for effect of debt conversion   $ 9,283     $ 8,298  
Diluted earnings per common share   $ 1.31     $ 1.20