Exhibit 11

Statement re Computation of Per Share Earnings

The composition of basic and diluted earnings per share was as follows for the years ended December 31:

	2013		2012		2011
Net income available to common stockholders	$	74,034	$	34,304	$	34,509
Weighted average number of common shares outstanding		43,237,513		41,366,860		40,708,552
Effect of warrants		-		-		-
Effect of stock options		39,418		140,800		178,141
Weighted average diluted number of common shares outstanding		43,276,931		41,507,660		40,886,693
Basic earnings per share	$	1.71	$	0.83	$	0.85
Diluted earnings per share	$	1.71	$	0.83	$	0.84