v2.4.0.6

EARNINGS PER COMMON SHARE (TABLES) | 12 Months Ended
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Dec. 31, 2011
EARNINGS PER COMMON SHARE [ABSTRACT] |
BASIC AND DILUTED EARNINGS PER COMMON SHARE [Table Text Block] |
The following table provides a computation of basic and diluted earnings per common share:
| At and year ended December 31, |  | 2011 |  |  | 2010 |  |  | 2009 |
| Basic earnings per common share |  |  |  |  |  |  |  |  |
| Net income | $ | 46,305 |  | $ | 856,723 |  | $ | 497,886 |
| Less preferred share dividends |  | 36,875 |  |  | 36,875 |  |  | 36,875 |
| Net income available to common shareholders |  | 9,430 |  |  | 819,848 |  |  | 461,011 |
| Weighted average common shares outstanding |  | 122,499 |  |  | 121,728 |  |  | 137,279 |
| Basic earnings per common share | $ | 0.08 |  | $ | 6.74 |  | $ | 3.36 |
| Diluted earnings per common share |  |  |  |  |  |  |  |  |
| Net income available to common shareholders | $ | 9,430 |  | $ | 819,848 |  | $ | 461,011 |
| Weighted average common shares outstanding - basic |  | 122,499 |  |  | 121,728 |  |  | 137,279 |
| Warrants |  | 4,292 |  |  | 12,106 |  |  | 10,616 |
| Stock compensation plans |  | 1,331 |  |  | 2,365 |  |  | 2,476 |
| Weighted average common shares outstanding - diluted |  | 128,122 |  |  | 136,199 |  |  | 150,371 |
| Diluted earnings per common share | $ | 0.07 |  | $ | 6.02 |  | $ | 3.07 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations. + References No definition available. + Details
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