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Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings per Share [Abstract]  
Computation of Earnings per Share

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

   
Three months ended
September 30,
    
Nine months ended
September 30,
  
   
2023
    
2022
    
2023
    
2022
  
Net income applicable to common stock
  
$
7,548,000

 
$
7,544,000
    
$
10,271,000
    
$
21,185,000
  
                                 
Basic earnings per share computation
                                
Weighted average common shares outstanding
    
4,699,952
      
4,006,794
      
4,275,259
      
4,009,855
  
Earnings per share - basic
  
$
1.61
 
$
1.88
    
$
2.40
    
$
5.28
  
                                 
Diluted earnings per share computation
                                
Weighted average common shares outstanding for basic earnings per share
    
4,699,952
      
4,006,794
      
4,275,259
      
4,009,855
  
Add: Dilutive effects of restricted stock
    
-
      
234
      
-
      
2
  
Weighted average common shares outstanding for dilutive earnings per share
    
4,699,952
      
4,007,028
      
4,275,259
      
4,009,857
  
Earnings per share - diluted
  
$
1.61
 
$
1.88
    
$
2.40
    
$
5.28