| EARNINGS PER SHARE |
NOTE
21. EARNINGS
PER SHARE
A reconciliation of the numerators and denominators of the earnings
per common share and earnings per common share assuming dilution
computations are presented below.
| |
|
Years Ended December 31, |
|
| |
|
2011 |
|
|
2010 |
|
|
2009 |
|
| |
|
(Dollar
Amounts In Thousands Except Per
Share Amounts) |
|
| Earnings Per Share |
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding |
|
|
5,759,524 |
|
|
|
5,519,151 |
|
|
|
5,485,972 |
|
| Net income
available to common stockholders |
|
$ |
23,238 |
|
|
$ |
17,378 |
|
|
$ |
5,878 |
|
| Basic earnings
per common share |
|
$ |
4.03 |
|
|
$ |
3.15 |
|
|
$ |
1.07 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares
outstanding |
|
|
5,759,524 |
|
|
|
5,519,151 |
|
|
|
5,485,972 |
|
|
Dilutive effects of assumed conversions and exercise of stock
options and warrants |
|
|
989,639 |
|
|
|
775,453 |
|
|
|
301,671 |
|
|
Weighted average common and dilutive potential common shares
outstanding |
|
|
6,749,163 |
|
|
|
6,294,604 |
|
|
|
5,787,643 |
|
| Net income available to common
stockholders |
|
$ |
23,238 |
|
|
$ |
17,378 |
|
|
$ |
5,878 |
|
|
Effect of interest expense on convertible debt, net of tax and
discretionary expenditures related to conversion |
|
$ |
568 |
|
|
$ |
473 |
|
|
$ |
- |
|
|
Net income availabe to common stockholders, adjusted for effect of
debt conversion |
|
$ |
23,806 |
|
|
$ |
17,851 |
|
|
$ |
5,878 |
|
| Diluted
earnings per common share |
|
$ |
3.53 |
|
|
$ |
2.84 |
|
|
$ |
1.02 |
|