Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings per share of Common Stock:

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 the Convertible Preferred Stock $7.00 Series.

	2022					2021
Basic:	Income			Shares		Income			Shares
Net Income	$	12,100			17,538	$	6,907			17,476
Preferred Dividend		(30	)				(30	)
Earnings Applicable to Common Stock	$	12,070			17,538	$	6,877			17,476
Basic EPS	$	0.69				$	0.39
Diluted:
Earnings Applicable to Common Stock	$	12,070			17,538	$	6,877			17,476
$7.00 Series Preferred Dividend		17			115		17			115
Adjusted Earnings Applicable to Common Stock	$	12,087			17,653	$	6,894			17,591
Diluted EPS	$	0.68				$	0.39