Basic

Net earnings

$

14,885

$

12,661

Deduct preferred stock dividends

6

Undistributed net earnings

14,879

12,655

Earnings attributable to participating preferred shareholders

17

15

Earnings attributable to common shareholders

$

14,862

$

12,640

Weighted average common shares outstanding

6,882

6,962

Basic earnings per common share

$

2.16

$

1.82

Diluted

Earnings attributable to common shareholders

$

14,862

$

12,640

Add dividends on convertible preferred stock

5

Earnings attributable to common stock on a diluted basis

$

14,867

$

12,645

Weighted average common shares outstanding - basic

6,882

6,962

Additional shares to be issued under full conversion of preferred stock

67

Total shares for diluted

6,949

7,029

Diluted earnings per common share

$

2.14

$

1.80