Dividends and Basic and Diluted Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

Dividends and Basic and Diluted Earnings Per Common Share [Abstract]

Calculation of Basic and Diluted Earnings per Common Share

The following table calculates the basic earnings per common share for the three and six months ended June 30, 2021 and 2020.

	Three Months Ended June 30,				Six Months Ended June 30,
(net income in thousands)	2021		2020		2021		2020
Net Income	$	16,153	$	14,309	$	32,866	$	28,431
Weighted Average Number of Common Shares Outstanding		789,646		793,556		789,646		793,530
Basic and Diluted Earnings Per Common Share	$	20.45	$	18.03	$	41.62	$	35.83