Basic

Net earnings

$

19,507

$

14,885

Deduct preferred stock dividends

12

6

Undistributed net earnings

19,495

14,879

Earnings attributable to participating preferred shareholders

19

17

Earnings attributable to common shareholders

$

19,476

$

14,862

Weighted average common shares outstanding

6,773

6,882

Basic earnings per common share

$

2.88

$

2.16

Diluted

Earnings attributable to common shareholders

$

19,476

$

14,862

Add dividends on convertible preferred stock

5

Earnings attributable to common stock on a diluted basis

$

19,481

$

14,867

Weighted average common shares outstanding - basic

6,773

6,882

Additional shares to be issued under full conversion of preferred stock

67

Total shares for diluted

6,840

6,949

Diluted earnings per common share

$

2.85

$

2.14