Earnings Per Share

12 Months Ended

Dec. 31, 2020

EARNINGS PER SHARE (Dollars In Thousands, Except Per Share Amounts)

The following table presents a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per common share ("EPS") for each of the years in the three-year period ended December 31, 2020. All share and per share amounts have been adjusted for the September 25, 2020 3% stock dividend.


Earnings Per Share
	Year-to-Date Period Ended:
	12/31/2020		12/31/2019		12/31/2018
Earnings Per Share - Basic:
Net Income	$	40,827	$	37,475	$	36,279
Weighted Average Shares - Basic	15,465		15,388		15,285
Earnings Per Share - Basic	$	2.64	$	2.44	$	2.37

Earnings Per Share - Diluted:
Net Income	$	40,827	$	37,475	$	36,279
Weighted Average Shares - Basic	15,465		15,388		15,285
Dilutive Average Shares Attributable to Stock Options	14		45		85
Weighted Average Shares - Diluted	15,479		15,433		15,370
Earnings Per Share - Diluted	$	2.64	$	2.43	$	2.36