Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE (Tables)

v2.4.0.8
EARNINGS PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2013
Text Block [Abstract]  
Basic And Diluted Earning Per Share
Basic earnings per common share are computed by dividing net income available to common stockholders 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 September 30,
 
Nine Months Ended September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(In Thousands, Except Shares and Per Share Data)
 
Earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
7,019,069
 
 
6,005,242
 
 
6,768,678
 
 
5,977,590
 
Net income available to common stockholders
 
$
10,712
 
$
9,202
 
$
29,449
 
$
25,589
 
Basic earnings per common share
 
$
1.53
 
$
1.53
 
$
4.35
 
$
4.28
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
7,019,069
 
 
6,005,242
 
 
6,768,678
 
 
5,977,590
 
Dilutive effects of assumed conversions and
    exercise of stock options and warrants
 
 
302,842
 
 
942,187
 
 
437,840
 
 
954,088
 
Weighted average common and dilutive potential
    common shares outstanding
 
 
7,321,911
 
 
6,947,429
 
 
7,206,518
 
 
6,931,678
 
Net income available to common stockholders
 
$
10,712
 
$
9,202
 
$
29,449
 
$
25,589
 
Effect of interest expense on convertible debt, net of tax and
    discretionary expenditures related to conversion
 
 
-
 
 
143
 
 
-
 
 
426
 
Net income available to common stockholders, adjusted
    for effect of debt conversion
 
$
10,712
 
$
9,345
 
$
29,449
 
$
26,015
 
Diluted earnings per common share
 
$
1.46
 
$
1.35
 
$
4.10
 
$
3.75