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EARNINGS PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2016
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | 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, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
| Basic earnings per common share |  |  |  |  |  |  |  |
| Net income | $ | 129,460 |  |  | $ | 73,371 |  |  | $ | 177,846 |  |  | $ | 239,197 |  |
| Less: preferred share dividends | 9,969 |  |  | 10,022 |  |  | 19,938 |  |  | 20,044 |  |
| Net income available to common shareholders | 119,491 |  |  | 63,349 |  |  | 157,908 |  |  | 219,153 |  |
| Weighted average common shares outstanding - basic(1) | 91,926 |  |  | 100,274 |  |  | 92,980 |  |  | 100,093 |  |
| Basic earnings per common share | $ | 1.30 |  |  | $ | 0.63 |  |  | $ | 1.70 |  |  | $ | 2.19 |  |
| Diluted earnings per common share |  |  |  |  |  |  |  |
| Net income available to common shareholders | $ | 119,491 |  |  | $ | 63,349 |  |  | $ | 157,908 |  |  | $ | 219,153 |  |
| Weighted average common shares outstanding - basic(1) | 91,926 |  |  | 100,274 |  |  | 92,980 |  |  | 100,093 |  |
| Share based compensation plans | 632 |  |  | 886 |  |  | 725 |  |  | 1,058 |  |
| Weighted average common shares outstanding - diluted(1) | 92,558 |  |  | 101,160 |  |  | 93,705 |  |  | 101,151 |  |
| Diluted earnings per common share | $ | 1.29 |  |  | $ | 0.63 |  |  | $ | 1.69 |  |  | $ | 2.17 |  |
| Anti-dilutive shares excluded from the dilutive computation | 7 |  |  | 89 |  |  | 339 |  |  | 329 |  |
(1) | On August 17, 2015, the Company entered into an Accelerated Share Repurchase (“ASR”) agreement (see 'Note 9 - Shareholders' Equity' for additional detail). The weighted-average number of shares outstanding used in the computation of basic and diluted earnings per share reflects the Company’s receipt of 4,149,378 common shares delivered to the Company on August 20, 2015, and 1,358,380 common shares delivered to the company on January 15, 2016 under the Company's ASR agreement.

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