EARNINGS PER SHARE DATA

6 Months Ended

Jun. 30, 2012

EARNINGS PER SHARE DATA [Abstract]

EARNINGS PER SHARE DATA

NOTE 7. EARNINGS PER SHARE DATA

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated.

	Three Months Ended June 30		Six Months Ended June 30
	2012	2011	2012	2011
Basic:
Weighted average shares outstanding	14,392,145	14,327,266	14,360,246	14,303,209
Net income	$ 12,177,000	$   7,610,000	$ 23,823,000	$ 13,953,000
Convertible preferred stock dividend	(22,000)	(22,000)	(45,000)	(45,000)
Net income attributable to common shareholders	$ 12,155,000	$   7,588,000	$ 23,778,000	$ 13,908,000
Per share amount	$            0.84	$            0.53	$            1.66	$            0.97
Diluted:
Weighted average shares outstanding	14,392,145	14,327,266	14,360,246	14,303,209
Assumed conversion of convertible   preferred stock	840,000	840,000	840,000	840,000
Total	15,232,145	15,167,266	15,200,246	15,143,209
Net income attributable to   common shareholders	$ 12,155,000	$   7,588,000	$ 23,778,000	$ 13,908,000
Convertible preferred stock dividend	22,000	22,000	45,000	45,000
Net income for diluted   earnings per share	$ 12,177,000	$   7,610,000	$ 23,823,000	$ 13,953,000
Per share amount	$            0.80	$            0.50	$            1.57	$            0.92