| 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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