Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings per Share [Abstract]

Computation of Earnings per Share

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

	Three months ended
	March 31,
	2022		2021
Net income applicable to common stock	$	6,740,000	$	8,463,000
Basic earnings per share computation
Weighted average common shares outstanding		3,939,125		3,948,446
Earnings per share - basic	$	1.71	$	2.14
Diluted earnings per share computation
Weighted average common shares outstanding for basic earnings per share		3,939,125		3,948,446
Add: Dilutive effects of restricted stock		57		-
Weighted average common shares outstanding for dilutive earnings per share		3,939,182		3,948,446
Earnings per share - diluted	$	1.71	$	2.14