EARNINGS PER SHARE DATA (Tables)

6 Months Ended

Jun. 30, 2012

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated.

	Three Months Ended June 30						Six Months Ended June 30
	2012			2011			2012			2011
Basic:
Weighted average shares outstanding		14,392,145			14,327,266			14,360,246			14,303,209
Net income	$	12,177,000		$	7,610,000		$	23,823,000		$	13,953,000
Convertible preferred stock dividend		(22,000	)		(22,000	)		(45,000	)		(45,000	)
Net income attributable to common shareholders	$	12,155,000		$	7,588,000		$	23,778,000		$	13,908,000
Per share amount	$	0.84		$	0.53		$	1.66		$	0.97

Diluted:
Weighted average shares outstanding		14,392,145			14,327,266			14,360,246			14,303,209
Assumed conversion of convertible preferred stock		840,000			840,000			840,000			840,000
Total		15,232,145			15,167,266			15,200,246			15,143,209
Net income attributable to common shareholders	$	12,155,000		$	7,588,000		$	23,778,000		$	13,908,000
Convertible preferred stock dividend		22,000			22,000			45,000			45,000
Net income for diluted earnings per share	$	12,177,000		$	7,610,000		$	23,823,000		$	13,953,000
Per share amount	$	0.80		$	0.50		$	1.57		$	0.92