v2.4.0.8
EARNINGS PER COMMON SHARE
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE [Text Block]
The following table sets forth the comparison of basic and diluted earnings per common share:
 
  
Three months ended June 30,
 
Six months ended June 30,
 
 
  
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per common share
 
 
 
 
 
 
 
 
 
Net income
$
83,725

 
$
189,066

 
$
395,280

 
$
324,905

 
 
Less: preferred shares dividends
8,197

 
11,527

 
16,938

 
20,746

 
 
Less: loss on repurchase of preferred shares
3,081

 
9,387

 
3,081

 
14,009

 
 
Net income available to common shareholders
72,447

 
168,152

 
375,261

 
290,150

 
 
Weighted average common shares outstanding - basic
115,163

 
123,823

 
116,088

 
124,802

 
 
Basic earnings per common share
$
0.63

 
$
1.36

 
$
3.23

 
$
2.32

 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share
 
 
 
 
 
 
 
 
 
Net income available to common shareholders
$
72,447

 
$
168,152

 
$
375,261

 
$
290,150

 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
115,163

 
123,823

 
116,088

 
124,802

 
 
Stock compensation plans
1,508

 
1,160

 
1,572

 
1,023

 
 
Weighted average common shares outstanding - diluted
116,671

 
124,983

 
117,660

 
125,825

 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share
$
0.62

 
$
1.35

 
$
3.19

 
$
2.31

 
 
 
 
 
 
 
 
 
 
 
 
Anti-dilutive shares excluded from the dilutive computation
35

 
539

 
473

 
1,220