Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2012

Composition of Weighted-Average Common Shares (Denominator) Used in Basic and Diluted 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 computations:

	For the Three-Months Ended September 30,						For the Nine-Months Ended September 30,
	2012			2011			2012			2011
Weighted average common shares issued		105,563,455			105,563,455			105,563,455			105,545,880
Average treasury shares		(1,258,029	)		(656,461	)		(738,769	)		(658,944	)
Averaged unearned ESOP shares		(17,575	)		(148,871	)		(50,790	)		(181,633	)
Average unearned nonvested shares		(207,826	)		(29,208	)		(180,771	)		(27,070	)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share		104,080,025			104,728,915			104,593,125			104,678,233
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share		16,874			0			2,224			0
Additional common stock equivalents (stock options) used to calculate diluted earnings per share		1,484			0			47			203
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share		104,098,383			104,728,915			104,595,396			104,678,436

Common Stock Equivalents Not Included in Computation of Diluted Earnings Per Share

The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the nine-months ended September 30, because to do so would have been antidilutive.

	2012						2011
			Price Range						Price Range
	Shares		From		To		Shares		From		To
Stock Options		293,777	$	6.90	$	14.55		513,210	$	6.36	$	14.55
Restricted Stock		93,565		5.96		6.82		20,101		5.70		6.82