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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2012
EARNINGS PER SHARE  
EARNINGS PER SHARE
16.  EARNINGS PER SHARE
 
The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated:
 
   
Three Months Ended
 
   
March 31,
 
(In thousands, except per share data)
 
2012
  
2011
 
     
Net income
 $13,478  $4,639 
Preferred stock dividends, accretion of discount and
        
   conversion of preferred stock to common stock
  -   (83,897)
Net income available to common shareholders
 $13,478  $88,536 
          
Weighted average shares outstanding - basic
  41,631   19,301 
Dilutive effect of employee stock options and awards
  127   - 
Dilutive effect of deferred salary restricted stock units
  60   - 
Dilutive effect of Treasury warrants
  21   20 
Weighted average shares outstanding - diluted
  41,839   19,321 
          
Basic earnings per share
 $0.32  $4.59 
Diluted earnings per share
 $0.32  $4.58 
 
A total of 40,166 and 41,934 potentially dilutive securities have been excluded from the dilutive share calculation for the three months ended March 31, 2012 and 2011, respectively, as their effect was antidilutive.