Earnings Per Share

12 Months Ended

Dec. 31, 2011

Note 5—Earnings per Share

The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the years ending December 31:


	2011			2010			2009
Weighted average common shares issued		105,550,310			94,388,523			86,600,431
Average treasury shares		(657,633	)		(828,523	)		(1,533,228	)
Averaged unearned ESOP shares		(165,010	)		(319,726	)		(446,211	)
Average unearned nonvested shares		(27,440	)		(43,049	)		(31,212	)

Weighted average common shares and common stock equivalents used to calculate basic earnings per share		104,700,227			93,197,225			84,589,780
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share		119			0			0
Additional common stock equivalents (stock options) used to calculate diluted earnings per share		47			2,548			0

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share		104,700,393			93,199,773			84,589,780

The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the years ended December 31, because to do so would have been anti-dilutive.


	2011						2010						2009
			Price Range						Price Range						Price Range
	Shares		From		To		Shares		From		To		Shares		From		To
Stock Options		496,863	$	6.36	$	14.55		610,594	$	6.36	$	14.55		728,552	$	5.29	$	14.55
Restricted Stock		22,502		5.70		6.82		17,370		5.70		12.35		20,103		10.95		12.35

- Definition

The entire disclosure for earnings per share.

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