Earnings to Fixed Charges

Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

	2017	2016	2015	2014	2013
	(In thousands, except ratio data)
Income before income taxes	`$17,504`	`$6,330`	`$31,130`	`$37,531`	`$38,400`

Interest on indebtedness	`12,905`	`13,432`	`12,955`	`11,952`	`11,472`

Portion of rents representative
of the interest factor	`2,356`	`2,131`	`2,014`	`1,939`	`1,837`

Earnings as adjusted	`$32,765`	`$21,893`	`$46,099`	`$51,422`	`$51,709`


Fixed charges:

Interest on indebtedness	`$12,905`	`$13,432`	`$12,955`	`$11,952`	`$11,472`

Portion of rents representative
of the interest factor	`2,356`	`2,131`	`2,014`	`1,939`	`1,837`

Fixed charges	`$15,261`	`$15,563`	`$14,969`	`$13,891`	`$13,309`


Ratio of earnings
to fixed charges	`2.15`	`1.41`	`3.08`	`3.70`	`3.89`