EARNINGS PER COMMON SHARE (TABLES)

12 Months Ended

Dec. 31, 2011

EARNINGS PER COMMON SHARE [ABSTRACT]

BASIC AND DILUTED EARNINGS PER COMMON SHARE [Table Text Block]

The following table provides a computation of basic and diluted earnings per common share:
	At and year ended December 31,		2011		2010		2009
	Basic earnings per common share
	Net income	$	46,305	$	856,723	$	497,886
	Less preferred share dividends		36,875		36,875		36,875
	Net income available to common shareholders		9,430		819,848		461,011
	Weighted average common shares outstanding		122,499		121,728		137,279
	Basic earnings per common share	$	0.08	$	6.74	$	3.36
	Diluted earnings per common share
	Net income available to common shareholders	$	9,430	$	819,848	$	461,011
	Weighted average common shares outstanding - basic		122,499		121,728		137,279
	Warrants		4,292		12,106		10,616
	Stock compensation plans		1,331		2,365		2,476
	Weighted average common shares outstanding - diluted		128,122		136,199		150,371
	Diluted earnings per common share	$	0.07	$	6.02	$	3.07