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Dividends and Basic Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2020
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, 2020 and 2019.

(net income in thousands)
 
2020
  
2019
 
Net Income
 
$
14,122
  
$
13,549
 
Weighted Average Number of Common Shares Outstanding
  
793,504
   
784,438
 
Basic and Diluted Earnings Per Common Share
 
$
17.80
  
$
17.27