Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

Note 4 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:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2011			2010			2011			2010
Weighted-average common shares outstanding		105,558,574			86,907,241			105,536,947			86,765,809
Average treasury stock shares		(656,461	)		(746,060	)		(660,206	)		(964,527	)
Average unearned ESOP shares		(181,835	)		(337,626	)		(198,285	)		(352,623	)
Average unearned nonvested shares		(34,206	)		(46,005	)		(25,984	)		(42,944	)
Weighted-average common shares and common stock equivalents used to calculate basic earnings per share		104,686,072			85,777,550			104,652,472			85,405,715
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share		0			11,016			0			6,656
Additional common stock equivalents (stock options) used to calculate diluted earnings per share		0			0			1,132			0
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share		104,686,072			85,788,566			104,653,604			85,412,371

At June 30, 2011, there were options to purchase 546,270 shares of common stock outstanding, at a price ranging from $6.36 per share to $14.55 per share and common stock equivalents outstanding of 20,725 shares at a price ranging from $5.70 per share to $6.82 per share that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive. At June 30, 2010, there were options to purchase 656,686 shares of common stock outstanding, at a price ranging from $5.29 per share to $14.55 per share and common stock equivalents outstanding of 4,218 shares at a price of $12.35 per share that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive.