XML 31 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2017
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,
 
  
2017
  
2016
  
2017
  
2016
 
Net income applicable to common stock
 
$
3,650,000
  
$
3,153,000
  
$
10,421,000
  
$
9,467,000
 
 
                
Basic earnings per share computation
                
Weighted average common shares outstanding
  
3,482,936
   
3,505,526
   
3,480,760
   
3,512,187
 
Earnings per share - basic
 
$
1.05
  
$
0.90
  
$
2.99
  
$
2.70
 
 
                
Diluted earnings per share computation
                
Weighted average common shares outstanding for basic earnings per share
  
3,482,936
   
3,505,526
   
3,480,760
   
3,512,187
 
Add: Dilutive effects of restricted stock
  
2,285
   
1,694
   
1,874
   
1,698
 
Weighted average common shares outstanding for dilutive earnings per share
  
3,485,221
   
3,507,220
   
3,482,634
   
3,513,885
 
Earnings per share - diluted
 
$
1.05
  
$
0.90
  
$
2.99
  
$
2.69