Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE

v2.4.1.9
EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 20.
EARNINGS PER COMMON 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.
    
 
 
Years Ended December 31,
 
 
 
2014
 
2013
 
2012
 
 
 
(Dollar Amounts In Thousands Except Per Share
Amounts)
 
Earnings Per Share
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
23,855,001
 
 
20,607,213
 
 
17,989,311
 
Net income available to common stockholders
 
$
51,946
 
$
41,201
 
$
34,045
 
Basic earnings per common share
 
$
2.18
 
 
2.00
 
$
1.89
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
23,855,001
 
 
20,607,213
 
 
17,989,311
 
Dilutive effects of assumed conversions and exercise of stock options and warrants
 
 
963,220
 
 
1,198,812
 
 
2,835,945
 
Weighted average common and dilutive potential common shares outstanding
 
 
24,818,221
 
 
21,806,025
 
 
20,825,256
 
Net income available to common stockholders
 
$
51,946
 
$
41,201
 
$
34,045
 
Effect of interest expense on convertible debt, net of tax and discretionary expenditures related to conversion
 
$
-
 
$
115
 
$
569
 
Net income available to common stockholders, adjusted for effect of debt conversion
 
$
51,946
 
$
41,316
 
$
34,614
 
Diluted earnings per common share
 
$
2.09
 
$
1.90
 
$
1.66