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Earnings Per Share

3 Months Ended

Mar. 31, 2019

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 March 31,
		2019								2018
Basic:		Income				Shares				Income				Shares
Net Income		$	6,552				16,428			$	4,494				16,354
Preferred Dividend			(36	)							(36	)
Earnings Applicable to Common Stock		$	6,516				16,428			$	4,458				16,354
Basic EPS		$	0.40							$	0.27
Diluted:
Earnings Applicable to Common Stock		$	6,516				16,428			$	4,458				16,354
$7.00 Series Preferred Dividend			17				115				17				115
$8.00 Series Preferred Dividend			6				41				6				41
Adjusted Earnings Applicable to  Common Stock		$	6,539				16,584			$	4,481				16,510
Diluted EPS		$	0.39							$	0.27

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- References

No definition available.

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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

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