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EARNINGS PER COMMON SHARE | 12 Months Ended
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Dec. 31, 2011
EARNINGS PER COMMON SHARE [ABSTRACT] |
EARNINGS PER COMMON SHARE [Text Block] | 12. EARNINGS PER COMMON SHARE
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 |
For the year ended December 31, 2011, there were 1,134,469 (2010: 186,792; 2009: 1,915,574) shares for stock compensation plans which were excluded in the computation of diluted earnings per share because the effect would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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