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Earnings Per Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

Note 11.Earnings Per Share

 

The following table presents the weighted average number of shares used in computing earnings per share and the effect on weighted average number of shares of dilutive potential common stock.

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

Shares

 

 

Per Share Amount

 

 

Shares

 

 

Per Share Amount

 

 

Shares

 

 

Per Share Amount

 

Basic earnings per share

 

 

3,783,322

 

 

$

1.80

 

 

 

3,772,421

 

 

$

1.63

 

 

 

3,764,690

 

 

$

0.66

 

Effect of dilutive stock awards

 

 

7,396

 

 

 

 

 

 

 

6,945

 

 

 

 

 

 

 

8,320

 

 

 

 

 

Diluted earnings per share

 

 

3,790,718

 

 

$

1.80

 

 

 

3,779,366

 

 

$

1.62

 

 

 

3,773,010

 

 

$

0.66

 

 

Unvested restricted shares have voting rights and receive nonforfeitable dividends during the vesting period; therefore, they are included in calculating basic earnings per share. The portion of unvested performance-based restricted stock units that are expected to vest, but have not yet been awarded, are included in the calculation of diluted earnings per share.