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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 21 – QUARTERLY FINANCIAL DATA (UNAUDITED)

 

                                         
                Net Income (Loss)
Attributable to
Common
Shares		              
    Interest
Income		     Net Interest
Income		       Earnings (Loss) per Share  
          Basic     Diluted  

2011

                                        

First quarter

   $ 19,159,000     $ 13,449,000     $ 1,088,000     $ 0.13     $ 0.12  

Second quarter

     18,460,000       13,158,000       2,381,000       0.28       0.27  

Third quarter

     17,044,000       12,295,000       2,682,000       0.31       0.30  

Fourth quarter

     16,406,000       12,335,000       29,991,000       3.49       3.37  

2010

                                        

First quarter

   $ 23,189,000     $ 14,306,000     $ (2,963,000 )    $ (0.35 )    $ (0.35 ) 

Second quarter

     22,696,000       14,421,000       (684,000 )      (0.08 )      (0.08 ) 

Third quarter

     21,734,000       13,935,000       (5,682,000 )      (0.67 )      (0.67 ) 

Fourth quarter

     20,524,000       13,687,000       (5,282,000 )      (0.62 )      (0.62 ) 

2009

                                        

First quarter

   $ 28,021,000     $ 11,805,000     $ (4,489,000 )    $ (0.53 )    $ (0.53 ) 

Second quarter

     26,866,000       12,450,000       (6,388,000 )      (0.75 )      (0.75 ) 

Third quarter

     25,893,000       13,567,000       (5,606,000 )      (0.66 )      (0.66 ) 

Fourth quarter

     24,129,000       13,511,000       (36,406,000 )      (4.28 )      (4.28 ) 

During the fourth quarter of 2011, we fully reversed our previously established net deferred tax asset valuation allowance resulting in a federal income tax benefit of $27.4 million. During the fourth quarter of 2009, we recorded a charge of $23.2 million to federal income tax expense to establish a valuation allowance against our net deferred tax asset.