Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Schedule of 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 June 30,
	2019					2018
Basic:	Income			Shares		Income			Shares
Net Income	$	8,146			16,519	$	8,675			16,388
Preferred Dividend		(36	)				(36	)
Earnings Applicable to Common Stock	$	8,110			16,519	$	8,639			16,388
Basic EPS	$	0.49				$	0.53
Diluted:
Earnings Applicable to Common Stock	$	8,110			16,519	$	8,639			16,388
$7.00 Series Preferred Dividend		17			115		17			115
$8.00 Series Preferred Dividend		6			41		6			41
Adjusted Earnings Applicable to  Common Stock	$	8,133			16,675	$	8,662			16,544
Diluted EPS	$	0.49				$	0.52

	(In Thousands Except per Share Amounts)
	Six Months Ended June 30,
	2019					2018
Basic:	Income			Shares		Income			Shares
Net Income	$	14,696			16,474	$	13,169			16,371
Preferred Dividend		(72	)				(72	)
Earnings Applicable to Common Stock	$	14,624			16,474	$	13,097			16,371
Basic EPS	$	0.89				$	0.80
Diluted:
Earnings Applicable to Common Stock	$	14,624			16,474	$	13,097			16,371
$7.00 Series Preferred Dividend		34			115		34			115
$8.00 Series Preferred Dividend		12			41		12			41
Adjusted Earnings Applicable to  Common Stock	$	14,670			16,630	$	13,143			16,527
Diluted EPS	$	0.88				$	0.80