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EARNINGS PER COMMON SHARE (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Earning Per Share [Table Text Block]

 

The calculation of earnings per common share for the quarters ended March 31, 2020 and 2019 are as follows:

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

March 31,

 

March 31,

 

 

 

2020

 

2019

 

(In thousands, except per share information)

 

 

Net income

$

2,266

 

$

43,314

 

Less: Preferred stock dividends

 

(669)

 

 

(669)

 

Net income attributable to common stockholders

$

1,597

 

$

42,645

 

 

 

 

 

 

 

 

 

Weighted-Average Shares:

 

 

 

 

 

 

 

Average common shares outstanding

 

216,785

 

 

216,338

 

 

Average potential dilutive common shares

 

529

 

 

612

 

 

Average common shares outstanding-assuming dilution

 

217,314

 

 

216,950

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

Basic

$

0.01

 

$

0.20

 

 

Diluted

$

0.01

 

$

0.20