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

9 Months Ended

Sep. 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 nine-month periods ended September 30, 2021 and 2020.

	Three Months Ended September 30,				Nine Months Ended September 30,
(net income in thousands)	2021		2020		2021		2020
Net Income	$	17,502	$	14,810	$	50,368	$	43,241
Weighted Average Number of Common Shares Outstanding		789,646		793,556		789,646		793,539
Basic and Diluted Earnings Per Common Share	$	22.16	$	18.66	$	63.79	$	54.49