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Dividends and Basic Earnings Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2019
Dividends and Basic Earnings Per Common Share [Abstract]  
Calculation of Basic Earnings per Common Share
The following table calculates the basic earnings per common share for the periods indicated.

(net income in thousands)
 
2019
  
2018
  
2017
 
Net Income
 
$
56,036
  
$
45,527
  
$
28,370
 
Weighted Average Number of Common Shares Outstanding
  
787,227
   
801,229
   
809,834
 
Basic Earnings Per Common Share
 
$
71.18
  
$
56.82
  
$
35.03