XML 44 R21.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of 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 the Convertible Preferred Stock $7.00 Series in 2020 and the Convertible Preferred Stock $7.00 Series and the Convertible Preferred Stock $8.00 Series in 2019.

(In Thousands Except per Share Amounts)

Three Months Ended March 31,

2020

2019

Basic:

Income

Shares

Income

Shares

Net Income

$

7,668

17,437

$

6,552

16,428

Preferred Dividend

(30

)

(36

)

Earnings Applicable to Common Stock

$

7,638

17,437

$

6,516

16,428

 

Basic EPS

$

0.44

$

0.40

 

Diluted:

Earnings Applicable to Common Stock

$

7,638

17,437

$

6,516

16,428

$7.00 Series Preferred Dividend

17

115

17

115

$8.00 Series Preferred Dividend

6

41

Adjusted Earnings Applicable to Common Stock

$

7,655

17,552

$

6,539

16,584

 

Diluted EPS

$

0.44

$

0.39