XML 32 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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 June 30,

2020

2019

Basic:

Income

Shares

Income

Shares

Net Income

$

9,713

17,462

$

8,146

16,519

Preferred Dividend

(30

)

(36

)

Earnings Applicable to Common Stock

$

9,683

17,462

$

8,110

16,519

 

Basic EPS

$

0.55

$

0.49

 

Diluted:

Earnings Applicable to Common Stock

$

9,683

17,462

$

8,110

16,519

$7.00 Series Preferred Dividend

17

115

17

115

$8.00 Series Preferred Dividend

6

41

Adjusted Earnings Applicable to Common Stock

$

9,700

17,577

$

8,133

16,675

 

Diluted EPS

$

0.55

$

0.49

9


(In Thousands Except per Share Amounts)

Six Months Ended June 30,

2020

2019

Basic:

Income

Shares

Income

Shares

Net Income

$

17,381

17,449

$

14,696

16,474

Preferred Dividend

(60

)

(72

)

Earnings Applicable to Common Stock

$

17,321

17,449

$

14,624

16,474

 

Basic EPS

$

0.99

$

0.89

 

Diluted:

Earnings Applicable to Common Stock

$

17,321

17,449

$

14,624

16,474

$7.00 Series Preferred Dividend

34

115

34

115

$8.00 Series Preferred Dividend

12

41

Adjusted Earnings Applicable to Common Stock

$

17,355

17,564

$

14,670

16,630

 

Diluted EPS

$

0.99

$

0.88