EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2011

EARNINGS PER SHARE

NOTE 17  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 Nine Months
	Ended September 30,				Ended September 30,
	2011		2010		2011		2010
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Income available to common shareholders:
- Basic and diluted	$	13,528,083	$	9,855,705	$	40,406,145	$	28,610,555
Weighted average number of shares:
- Basic		29,768,403		29,143,432		29,833,041		27,473,883
- Effect of dilutive warrants and options		208,299		824,655		291,750		844,169
- Diluted		29,976,702		29,968,087		30,124,791		28,318,052
Net income per share
- Basic	$	0.45	$	0.34	$	1.35	$	1.04
- Diluted	$	0.45	$	0.33	$	1.34	$	1.01