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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Common Share EARNINGS PER COMMON SHARE
The calculation of earnings per common share for the years ended December 31, 2021, 2020 and 2019 is as follows:
Year Ended December 31,
202120202019
(In thousands, except per share data)
Net income$146,151 $74,327 $53,841 
Less: Dividends on preferred stock
Non-convertible preferred stock (Series A, B, and D)(1,255)(6,512)(6,512)
Income available to common shareholders$144,896 $67,815 $47,329 
Average common shares outstanding50,956 51,358 51,335 
Effect of dilutive securities:
Average potential common shares-options414 197 384 
Total weighted average common shares outstanding and equivalents51,370 51,555 51,719 
Earnings per common share - basic$2.85 $1.32 $0.92 
Earnings per common share - diluted$2.81 $1.32 $0.92 
For the years ended December 31, 2021, 2020 and 2019, weighted-average stock options with an anti-dilutive effect on earnings per share not included in the calculation amounted to 3,175, 7,481, and 2,575, respectively.