Earnings Per Share

3 Months Ended

Mar. 31, 2017

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,
	2017					2016
Basic:	Income			Shares		Income			Shares
Net Income	$	4,441			16,299	$	4,790			16,233
Preferred Dividend		(36	)				(36	)
Earnings Applicable to Common Stock	$	4,405			16,299	$	4,754			16,233
Basic EPS	$	0.27				$	0.29
Diluted:
Earnings Applicable to Common Stock	$	4,405			16,299	$	4,754			16,233
$7.00 Series Preferred Dividend		17			115		17			115
$8.00 Series Preferred Dividend		6			41		6			41
Adjusted Earnings Applicable to  Common Stock	$	4,428			16,455	$	4,777			16,389
Diluted EPS	$	0.27				$	0.29