Earning Per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

The calculation of earnings per common share for the quarters and six-month periods ended June 30, 2017 and 2016 is as follows:

	Quarter Ended June 30,				Six-Month Period Ended June 30,
	2017		2016		2017		2016
	(In thousands, except per share data)
Net income	$	17,104	$	14,339	$	32,254	$	28,510
Less: Dividends on preferred stock
Non-convertible preferred stock (Series A, B, and D)		(1,629)		(1,629)		(3,256)		(3,256)
Convertible preferred stock (Series C)		(1,837)		(1,837)		(3,675)		(3,675)
Income available to common shareholders	$	13,638	$	10,873	$	25,323	$	21,579
Effect of assumed conversion of the convertible ' ' preferred stock		1,837		1,837		3,675		3,675
Income available to common shareholders assuming conversion	$	15,475	$	12,710	$	28,998	$	25,254

Weighted average common shares and share equivalents:
Average common shares outstanding		43,947		43,914		43,931		43,906
Effect of dilutive securities:
Average potential common shares-options		15		43		24		37
Average potential common shares-assuming ' ' conversion of convertible preferred stock		7,138		7,138		7,138		7,138
Total weighted average common shares ' 'outstanding and equivalents		51,100		51,095		51,093		51,081
Earnings per common share - basic	$	0.30	$	0.25	$	0.58	$	0.49
Earnings per common share - diluted	$	0.30	$	0.25	$	0.57	$	0.49