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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2020
Earnings per Share [Abstract]  
Computation of Earnings per Share

The following table sets forth the computation of earnings per share.

 
Three months ended
   
Nine months ended
 
   
September 30,
   
September 30,
 
   
2020
   
2019
   
2020
   
2019
 
Net income applicable to common stock
 
$
8,007
   
$
5,196
   
$
17,876
   
$
14,447
 
                                 
Basic earnings per share computation
                               
Weighted average common shares outstanding
   
3,918,438
     
3,553,996
     
3,769,705
     
3,560,695
 
Earnings per share - basic
 
$
2.04
   
$
1.46
   
$
4.74
   
$
4.06
 
                                 
Diluted earnings per share computation
                               
Weighted average common shares outstanding for basic earnings per share
   
3,918,438
     
3,553,996
     
3,769,705
     
3,560,695
 
Add: Dilutive effects of restricted stock
   
-
     
-
     
2,025
     
2,280
 
Weighted average common shares outstanding for dilutive earnings per share
   
3,918,438
     
3,553,996
     
3,771,730
     
3,562,975
 
Earnings per share - diluted
 
$
2.04
   
$
1.46
   
$
4.74
   
$
4.05