EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Reconciliation of Net Income and Weighted Average Shares Used in Computation of Basic and Diluted 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:

	Three months ended March 31,
	2013		2012
Income available to common stockholders:
- Basic and diluted	$	13,311,187	$	11,475,012
Weighted average number of shares:
- Basic		29,820,836		29,800,624
- Effect of dilutive securities – warrants and options		130,580		279,530
- Diluted		29,951,416		30,080,154
Net income per share
- Basic	$	0.45	$	0.39
- Diluted	$	0.44	$	0.38