Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of earnings per share

The computations of basic and diluted earnings per common share for the Company were as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands, except per share amounts)	2020		2019		2020		2019
Numerator:
Net income - basic	$	7,285	$	6,847	$	20,884	$	18,081
Net income - diluted	$	7,285	$	6,847	$	20,884	$	18,081
Denominator:
Weighted average shares outstanding - basic	7,327,395		7,304,273		7,321,092		6,993,990
Plus: Effect of Director Stock Compensation Program	272		330		1,088		1,529
Plus: Effect of stock options and restricted stock	15,011		35,895		19,567		36,540
Weighted average shares outstanding - diluted	7,342,678		7,340,498		7,341,747		7,032,059
Earnings per common share:
Basic	$	0.99	$	0.94	$	2.85	$	2.59
Diluted	$	0.99	$	0.93	$	2.84	$	2.57