Earnings per Share	6 Months Ended
Jun. 30, 2020
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 15,191,823 weighted average shares outstanding during the second quarter of 2020 and 15,329,907 during the second quarter of 2019, while there were 15,226,748 weighted average shares outstanding during the first six months of 2020 and 15,320,784 during the first six months of 2019. 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 second quarter of 2020, calculations under the treasury stock method resulted in the equivalent of 45,832 shares being added to basic weighted average shares outstanding for purposes of determining diluted earnings per share, while a weighted average of 367,884 stock options were excluded from the calculation because they were underwater and thus anti-dilutive. For the second quarter of 2019 the equivalent of 128,413 shares were added in calculating diluted earnings per share, while 258,202 anti-dilutive stock options were not factored into the computation. Likewise, for the first half of 2020 the equivalent of 61,261 shares were added to basic weighted average shares outstanding in calculating diluted earnings per share and a weighted average of 336,123 options that were anti-dilutive for the period were not included, compared to the addition of the equivalent of 132,428 shares and non-inclusion of 228,824 anti-dilutive options in calculating diluted earnings per share for first half of 2019.

Earnings per Share

6 Months Ended

Jun. 30, 2020

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 15,191,823 weighted average shares outstanding during the second quarter of 2020 and 15,329,907 during the second quarter of 2019, while there were 15,226,748 weighted average shares outstanding during the first six months of 2020 and 15,320,784 during the first six months of 2019.

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 second quarter of 2020, calculations under the treasury stock method resulted in the equivalent of 45,832 shares being added to basic weighted average shares outstanding for purposes of determining diluted earnings per share, while a weighted average of 367,884 stock options were excluded from the calculation because they were underwater and thus anti-dilutive. For the second quarter of 2019 the equivalent of 128,413 shares were added in calculating diluted earnings per share, while 258,202 anti-dilutive stock options were not factored into the computation. Likewise, for the first half of 2020 the equivalent of 61,261 shares were added to basic weighted average shares outstanding in calculating diluted earnings per share and a weighted average of 336,123 options that were anti-dilutive for the period were not included, compared to the addition of the equivalent of 132,428 shares and non-inclusion of 228,824 anti-dilutive options in calculating diluted earnings per share for first half of 2019.