Outstanding Shares and Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Outstanding Shares and Earnings Per Share [Abstract]

Earnings Per Share

Basic and diluted earnings per share for the years ended December 31 were computed as follows:

	(in thousands, except per share amounts)
	2020		2019		2018
Basic earnings per share:
Net income	$	12,161	$	14,721	$	12,551
Weighted average common shares outstanding		13,462,764		13,414,705		13,382,484
Basic earnings per share	$	0.90	$	1.10	$	0.94
Diluted earnings per share:
Net income	$	12,161	$	14,721	$	12,551
Weighted average common shares outstanding		13,462,764		13,414,705		13,382,484
Effect of dilutive shares		120,080		164,978		185,103
Adjusted weighted average common shares outstanding		13,582,844		13,579,683		13,567,587
Diluted earnings per share	$	0.90	$	1.08	$	0.93