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Earnings Per Share
9 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract] 
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
September 30,
    For the Nine Months Ended
September 30,
 
     2011     2010     2011     2010  

Weighted-average common shares issued

     105,563,455       98,258,829       105,545,880       90,638,915  

Average treasury stock shares

     (656,461     (709,399     (658,944     (878,550

Average unearned ESOP shares

     (148,871     (304,119     (181,633     (336,278

Average unearned nonvested shares

     (29,208     (46,005     (27,070     (43,975
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average common shares and common stock equivalents used to calculate basic earnings per share

     104,728,915       97,199,306       104,678,233       89,380,112  

Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share

     0       4,447       0       2,476  

Additional common stock equivalents (stock options) used to calculate diluted earnings per share

     0       0       203       0  
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share

     104,728,915       97,203,753       104,678,436       89,382,588  
  

 

 

   

 

 

   

 

 

   

 

 

 

At September 30, 2011, there were options to purchase 513,210 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 20,101 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 September 30, 2010, there were options to purchase 627,106 shares of common stock outstanding, at a price ranging from $6.07 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.