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Earnings Per Share
 3 Months Ended
Mar. 31, 2023
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 the Convertible Preferred Stock $7.00 Series.

 

   (In Thousands Except per Share Amounts)
   Three Months Ended March 31,
   2023  2022
Basic:   Income  Shares  Income  Shares
Net Income  $5,868    17,652   $12,100    17,538 
Preferred Dividend   (30)        (30)     
Earnings Applicable to Common Stock  $5,838    17,652   $12,070    17,538 
                     
Basic EPS  $0.33        $0.69      
                     
Diluted:                    
Earnings Applicable to Common Stock  $5,838    17,652   $12,070    17,538 
$7.00 Series Preferred Dividend   17    115    17    115 
Adjusted Earnings Applicable to  Common Stock  $5,855    17,767   $12,087    17,653 
                     
Diluted EPS  $0.33        $0.68