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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2020
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | NOTE 19 – EARNINGS PER COMMON SHARE The calculation of earnings per common share for the quarters ended March 31, 2020 and 2019 is as follows:
| Quarter Ended March 31,
| 2020 |  | 2019
| (In thousands, except per share data)
Net income | $ | 1,801 |  | $ | 23,470
Less: Dividends on preferred stock |  |  |  |  |
Non-convertible preferred stock (Series A, B, and D) |  | (1,628) |  |  | (1,628)
Income available to common shareholders | $ | 173 |  | $ | 21,842
Income available to common shareholders assuming conversion | $ | 173 |  | $ | 21,842
Weighted average common shares and share equivalents: |  |  |  |  |
Average common shares outstanding |  | 51,404 |  |  | 51,305
Effect of dilutive securities: |  |  |  |  |
Average potential common shares-options |  | 309 |  |  | 321
Total weighted average common shares outstanding and equivalents |  | 51,713 |  |  | 51,626
Earnings per common share - basic | $ | - |  | $ | 0.43
Earnings per common share - diluted | $ | - |  | $ | 0.42
For the quarter ended March 31, 2020, Oriental did not have weighted-average stock options with an anti-dilutive effect on earnings per share. For the quarters ended March 31, 2019, weighted-average stock options with an anti-dilutive effect on earnings per share not included in the calculation amounted to 28,414.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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