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Earnings Per Share
 3 Months Ended
Mar. 31, 2024
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,
   2024  2023
Basic:   Income  Shares  Income  Shares
Net Income  $10,682    17,819   $5,868    17,652 
Preferred Dividend   (30)        (30)     
Earnings Applicable to Common Stock  $10,652    17,819   $5,838    17,652 
                     
Basic EPS  $0.60        $0.33      
                     
Diluted:                    
Earnings Applicable to Common Stock  $10,652    17,819   $5,838    17,652 
$7.00 Series Preferred Dividend   17    115    17    115 
Adjusted Earnings Applicable to Common Stock  $10,669    17,934   $5,855    17,767 
                     
Diluted EPS  $0.59        $0.33