Earnings per Share	9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings per Share	Note 5 – Earnings per Share The computation of earnings per share, as presented in the Consolidated Statements of Income, is based on the weighted average number of shares outstanding during each period. There were 15,318,580 weighted average shares outstanding during the third quarter of 2019 and 15,267,587 during the third quarter of 2018, while there were 15,320,041 weighted average shares outstanding during the first nine months of 2019 and 15,251,746 during the first nine months of 2018. Diluted earnings per share calculations include the effect of the potential issuance of common shares, which for the Company is limited to shares that would be issued on the exercise of “in-the-money” stock options. For the third quarter of 2019, calculations under the treasury stock method resulted in the equivalent of 116,208 shares being added to basic weighted average shares outstanding for purposes of determining diluted earnings per share, while a weighted average of 261,137 stock options were excluded from the calculation because they were underwater and thus anti-dilutive. For the third quarter of 2018 the equivalent of 176,819 shares were added in calculating diluted earnings per share, while 105,800 anti-dilutive stock options were not factored into the computation. Likewise, for the first nine months of 2019 the equivalent of 129,299 shares were added to basic weighted average shares outstanding in calculating diluted earnings per share and a weighted average of 239,714 options that were anti-dilutive for the period were not included, compared to the addition of the equivalent of 176,719 shares and non-inclusion of 105,800 anti-dilutive options in calculating diluted earnings per share for first nine months of 2018.

Note 5 – Earnings per Share

The computation of earnings per share, as presented in the Consolidated Statements of Income, is based on the weighted average number of shares outstanding during each period. There were 15,318,580 weighted average shares outstanding during the third quarter of 2019 and 15,267,587 during the third quarter of 2018, while there were 15,320,041 weighted average shares outstanding during the first nine months of 2019 and 15,251,746 during the first nine months of 2018.

Diluted earnings per share calculations include the effect of the potential issuance of common shares, which for the Company is limited to shares that would be issued on the exercise of “in-the-money” stock options. For the third quarter of 2019, calculations under the treasury stock method resulted in the equivalent of 116,208 shares being added to basic weighted average shares outstanding for purposes of determining diluted earnings per share, while a weighted average of 261,137 stock options were excluded from the calculation because they were underwater and thus anti-dilutive. For the third quarter of 2018 the equivalent of 176,819 shares were added in calculating diluted earnings per share, while 105,800 anti-dilutive stock options were not factored into the computation. Likewise, for the first nine months of 2019 the equivalent of 129,299 shares were added to basic weighted average shares outstanding in calculating diluted earnings per share and a weighted average of 239,714 options that were anti-dilutive for the period were not included, compared to the addition of the equivalent of 176,719 shares and non-inclusion of 105,800 anti-dilutive options in calculating diluted earnings per share for first nine months of 2018.