Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings per Share (EPS)

The following table provides detail for basic earnings per share (EPS) and diluted (EPS) for the years ended December 31, 2021, 2020 and 2019:

	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the year ended December 31, 2021
Net income as reported	$	36,269,000
Basic EPS: Income available to common shareholders	36,269,000		10,903,844	$	3.33
Effect of dilutive securities: restricted stock			83,335
Diluted EPS: Income available to common shareholders plus assumed conversions	$	36,269,000	10,987,179	$	3.30
For the year ended December 31, 2020
Net income as reported	$	27,129,000
Basic EPS: Income available to common shareholders	27,129,000		10,858,606	$	2.50
Effect of dilutive securities: restricted stock			74,212
Diluted EPS: Income available to common shareholders plus assumed conversions	$	27,129,000	10,932,818	$	2.48
For the year ended December 31, 2019
Net income as reported	$	25,525,000
Basic EPS: Income available to common shareholders	25,525,000		10,815,718	$	2.36
Effect of dilutive securities: restricted stock			73,591
Diluted EPS: Income available to common shareholders plus assumed conversions	$	25,525,000	10,889,309	$	2.34