Earnings Per Share

3 Months Ended

Mar. 31, 2015

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 both the Convertible Preferred Stock $7.00 Series and the Convertible Preferred Stock $8.00 Series.

	(In Thousands Except per Share Amounts)
	Three Months Ended March 31,
	2015					2014
Basic:	Income			Shares		Income			Shares
Net Income	$	3,636			16,132	$	3,169			15,974
Preferred Dividend		(36	)				(43	)
Earnings Applicable to Common Stock	$	3,600			16,132	$	3,126			15,974
Basic EPS	$	0.22				$	0.20
Diluted:
Earnings Applicable to Common Stock	$	3,600			16,132	$	3,126			15,974
$7.00 Series Preferred Dividend		17			115		24			163
$8.00 Series Preferred Dividend		6			41		6			41
Adjusted Earnings Applicable to  Common Stock	$	3,623			16,288	$	3,156			16,178
Diluted EPS	$	0.22				$	0.20