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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2021
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | NOTE 18 – EARNINGS PER COMMON SHARE The calculation of earnings per common share for the quarters and six-month periods ended June 30, 2021 and 2020 is as follows:
| Quarter Ended June 30, |  | Six-Month Period Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (In thousands, except per share data)
Net income | $ | 40,827 |  | $ | 21,787 |  | $ | 71,200 |  | $ | 23,588
Less: Dividends on preferred stock |  |  |  |  |  |  |  |  |  |  |
Non-convertible preferred stock (Series A, B, and D) |  | - |  |  | (1,628) |  |  | (1,255) |  |  | (3,256)
Income available to common shareholders | $ | 40,827 |  | $ | 20,159 |  | $ | 69,945 |  | $ | 20,332
Average common shares outstanding | $ | 51,636 |  | $ | 51,336 |  | $ | 51,517 |  | $ | 51,370
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Average potential common shares-options |  | 412 |  |  | 134 |  |  | 368 |  |  | 214
Total weighted average common shares outstanding and equivalents | $ | 52,048 |  | $ | 51,470 |  | $ | 51,885 |  | $ | 51,584
Earnings per common share - basic | $ | 0.79 |  | $ | 0.39 |  | $ | 1.36 |  | $ | 0.40
Earnings per common share - diluted | $ | 0.78 |  | $ | 0.39 |  | $ | 1.35 |  | $ | 0.39
For the quarters ended June 30, 2021 and 2020, weighted-average stock options with an anti-dilutive effect on earnings per share not included in the calculation amounted to 1,514 and 6,164, respectively. For the six-month periods ended June 30, 2021 and 2020, weighted-average stock options with an anti-dilutive effect on earnings per share not included in the calculation amounted to zero and 2,688, respectively.

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