EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2011

EARNINGS PER SHARE

NOTE 16 EARNINGS PER SHARE

The following table is a reconciliation of the net income and the weighted average shares used in the computation of basic and diluted earnings per share for the periods presented:

	For the Three Months				For the Six Months
	Ended June 30,				Ended June 30,
	2011		2010		2011		2010
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Income available to common shareholders:
- Basic and diluted	$	14,366,076	$	9,898,292	$	26,878,062	$	18,754,850
Weighted average number of shares:
- Basic		29,872,935		28,484,091		29,865,896		26,625,272
- Effect of dilutive warrants and options		238,207		842,480		334,191		852,116
- Diluted		30,111,142		29,326,571		30,200,087		27,477,388
Net income per share
- Basic	$	0.48	$	0.35	$	0.90	$	0.70
- Diluted	$	0.48	$	0.34	$	0.89	$	0.68