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Dividends and Basic Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2017
Dividends and Basic Earnings Per Common Share [Abstract]  
Calculation of Basic Earnings per Share
The following table calculates the basic earnings per common share for the three months ended March 31, 2017 and 2016.
 
(net income in thousands)
 
2017
  
2016
 
Net Income
 
$
7,821
  
$
7,172
 
Weighted Average Number of Common Shares Outstanding
  
807,986
   
791,895
 
Basic Earnings Per Common Share Amount
 
$
9.68
  
$
9.06