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Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings per Share [Abstract]  
Computation of earnings per share
The following table sets forth the computation of earnings per share. Earnings per share calculations give retroactive effect to stock dividends declared by the Company.

  
Three months ended
  
Nine months ended
 
  
September 30,
  
September 30,
 
  
2016
  
2015
  
2016
  
2015
 
Net income applicable to common stock
 
$
3,153,000
  
$
2,857,000
  
$
9,467,000
  
$
9,166,000
 
 
                
Basic earnings per share computation
                
Weighted average common shares outstanding
  
3,339,962
   
3,044,311
   
3,346,623
   
3,051,826
 
Earnings per share - basic
 
$
0.94
  
$
0.94
  
$
2.83
  
$
3.00
 
 
                
Diluted earnings per share computation
                
Weighted average common shares outstanding for basic earnings per share
  
3,339,962
   
3,044,311
   
3,346,623
   
3,051,826
 
Add: Dilutive effects of restricted stock
  
1,694
   
1,464
   
1,698
   
1,468
 
Weighted average common shares outstanding for dilutive earnings per share
  
3,341,656
   
3,045,775
   
3,348,321
   
3,053,294
 
Earnings per share - diluted
 
$
0.94
  
$
0.94
  
$
2.83
  
$
3.00