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Earnings Per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

Note 4 – Earnings Per Share
 

Basic earnings per share (EPS) are computed on the basis of the weighted average number of shares outstanding during the period presented. Diluted EPS assumes the conversion of both the Convertible Preferred Stock $7.00 Series and the Convertible Preferred Stock $8.00 Series. 

    (In Thousands Except per Share Amounts)
    Three Months Ended September 30,
    2013   2012
Basic:   Income   Shares   Income   Shares
Net Income   $ 5,807       15,882     $ 6,138       15,741  
Preferred Dividend     (44 )             (52 )        
Earnings Applicable to Common Stock   $ 5,763       15,882     $ 6,086       15,741  
                                 
Basic EPS   $ 0.36             $ 0.39          
                                 
Diluted:                                
Earnings Applicable to Common Stock   $ 5,763       15,882     $ 6,086       15,741  
$7.00 Series Preferred Dividend     24       167       24       167  
$8.00 Series Preferred Dividend     6       68       14       96  
Adjusted Earnings Applicable to Common Stock   $ 5,793       16,117     $ 6,124       16,004  
                                 
Diluted EPS   $ 0.36             $ 0.38          

  

    (In Thousands Except per Share Amounts)
    Nine Months Ended September 30,
    2013   2012
Basic:   Income   Shares   Income   Shares
Net Income   $ 13,465       15,839     $ 11,670       15,717  
Preferred Dividend     (147 )             (155 )        
Earnings Applicable to Common Stock   $ 13,318       15,839     $ 11,515       15,717  
                                 
Basic EPS   $ 0.84             $ 0.73          
                                 
Diluted:                                
Earnings Applicable to Common Stock   $ 13,318       15,839     $ 11,515       15,717  
$7.00 Series Preferred Dividend     73       167       73       167  
$8.00 Series Preferred Dividend     34       87       42       96  
Adjusted Earnings Applicable to Common Stock   $ 13,425       16,093     $ 11,630       15,980  
                                 
Diluted EPS   $ 0.83             $ 0.73