The calculation of basic and diluted earnings per share for each of the three-month and nine-month periods ended September 30, 2011 and 2010, was as follows

		Three Months Ended				Nine Months Ended
			September 30,				September 30,
(dollar amounts in thousands, except per share amounts)			2011		2010		2011		2010

Basic earnings per common share:
Net income		$	143,391	$	100,946	$	415,755	$	189,447
Preferred stock dividends, deemed dividend and accretion of discount			(7,703)		(29,495)		(23,110)		(88,278)
	Net income available to common shareholders	$	135,688	$	71,451	$	392,645	$	101,169
Average common shares issued and outstanding			863,911		716,911		863,542		716,604
Basic earnings per common share		$	0.16	$	0.10	$	0.45	$	0.14

Diluted earnings per common share
Net income available to common shareholders		$	135,688	$	71,451	$	392,645	$	101,169
Effect of assumed preferred stock conversion			---		---		---		---
	Net income applicable to diluted earnings per share	$	135,688	$	71,451	$	392,645	$	101,169
Average common shares issued and outstanding			863,911		716,911		863,542		716,604
Dilutive potential common shares:
	Stock options and restricted stock units and awards		2,646		1,764		2,938		1,711
	Shares held in deferred compensation plans		1,076		892		966		867
	Conversion of preferred stock		---		---		---		---
Dilutive potential common shares:			3,722		2,656		3,904		2,578
	Total diluted average common shares issued and outstanding		867,633		719,567		867,446		719,182
Diluted earnings per common share		$	0.16	$	0.10	$	0.45	$	0.14