EARNINGS PER SHARE AND DIVIDEND DATA

12 Months Ended

Dec. 31, 2013

EARNINGS PER SHARE AND DIVIDEND DATA [Abstract]

EARNINGS PER SHARE AND DIVIDEND DATA

(17) EARNINGS PER SHARE AND DIVIDEND DATA

The computation of basic earnings per share is based on the weighted average number of common shares outstanding.  The computation of diluted earnings per share is based on the weighted average number of shares of common stock outstanding plus the shares resulting from the assumed exercise or vesting of all outstanding share-based awards using the treasury stock method.  Weighted-average antidilutive stock options to purchase 1.2 million, 2.9 million and 2.8 million shares of Company common stock with a weighted average exercise price of $23.81,  $20.64 and $21.75 per share for 2013, 2012 and 2011, respectively, were excluded from diluted shares.  Antidilutive other equity awards covering approximately 36,000 shares of Company common stock for 2011 were also excluded from diluted shares.  There were no antidilutive other equity awards for 2013 and 2012.  The following tables provide a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the years ended December 31, 2013, 2012 and 2011:

	2013
	Income	Shares	Per Share
	(Numerator)	(Denominator)	Amount
Basic EPS:	(In thousands, except per share amounts)
Income available to common shareholders	$       94,115	95,048	$         0.99
Effect of dilutive stock options	-	284
Diluted EPS:
Income available to common shareholders
plus assumed exercise	$       94,115	95,332	$         0.99

	2012
	Income	Shares	Per Share
	(Numerator)	(Denominator)	Amount
Basic EPS:	(In thousands, except per share amounts)
Income available to common shareholders	$       84,295	93,774	$         0.90
Effect of dilutive stock options	-	90
Diluted EPS:
Income available to common shareholders
plus assumed exercise	$       84,295	93,864	$         0.90

	2011
	Income	Shares	Per Share
	(Numerator)	(Denominator)	Amount
Basic EPS:	(In thousands, except per share amounts)
Income available to common shareholders	$       37,569	83,486	$         0.45
Effect of dilutive stock options	-	23
Diluted EPS:
Income available to common shareholders
plus assumed exercise	$       37,569	83,509	$         0.45

Dividends to shareholders are paid from dividends paid to the Company by the Bank which are subject to approval by the applicable state regulatory authority.