NET INCOME PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2011

Schedule of Earnings Per Share Reconciliation [Table Text Block]

The following table presents a reconciliation of the net income and shares used in calculating basic and diluted earnings per share for the quarters and six months ended June 30, 2011 and 2010.

	For the Quarters Ended					For the Six Months Ended
	June 30, 2011		June 30, 2010			June 30, 2011		June 30, 2010
Net income	$	120,817	$	(218,229	)	$	820,712	$	62,836
Less: Preferred stock dividends		4,267		4,625			8,534		9,250
Net income available to common shareholders, prior to adjustment for dilutive potential common shares, if necessary	$	116,550	$	(222,854	)	$	812,178	$	53,586
Add: Preferred Series B dividends, if Series B shares are dilutive		618		-			1,237		-
Add: Interest on Convertible Senior Notes, if Notes are dilutive		-		-			12,000		-
Net income available to common shareholders, as adjusted	$	117,168	$	(222,854	)	$	825,415	$	53,586
Weighted average shares of common stock outstanding-basic		822,623		559,701			787,713		557,360
Add:  Effect of dilutive stock options		490		-			432		58
Add:  Series B Cumulative Convertible Preferred Stock, if dilutive		4,642		-			4,642		-
Add:  Convertible Senior Notes, if dilutive		-		-			34,835		-
Weighted average shares of common stock outstanding-diluted		827,755		559,701			827,622		557,418