Calculation of Weighted Average Shares Outstanding For Earnings (Loss) Per Share (EPS): Schedule of Earnings Per Share, Basic and Diluted (Tables)

3 Months Ended

Jun. 30, 2012

Schedule of Earnings Per Share, Basic and Diluted:

Schedule of Earnings Per Share, Basic and Diluted

	Three Months Ended June 30		Six Months Ended June 30
	2012	2011	2012	2011
Net income (loss)	$25,390	$2,199	$34,574	$(5,643)
Preferred stock dividend accrual	1,550	1,550	3,100	3,100
Preferred stock discount accretion	454	425	908	851
Net income (loss) available to common shareholders	$23,386	$224	$30,566	$(9,594)
Basic weighted average shares outstanding	18,404	16,535	18,052	16,404
Plus unvested restricted stock	40	--	34	--
Diluted weighted shares outstanding	18,444	16,535	18,086	16,404
Earnings (loss) per common share
Basic	$1.27	$0.01	$1.69	$(0.58)
Diluted	$1.27	$0.01	$1.69	$(0.58)