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Common Stock and Earnings per Share (Tables) | 12 Months Ended
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Dec. 31, 2017
Earnings Per Share [Abstract] |
Schedule of Common Stock Outstanding | The table below shows activity in the outstanding shares of the Company’s common stock during 2017.
| 2017
Shares outstanding at January 1 | 11,188,466 |
10% stock dividend issued December 15, 2017 | 1,116,711 |
Issuance of common stock: |  |
Employee restricted stock grants | 3,825 |
Employee SARs exercised | 7,547 |
Directors’ compensation | 8,389 |
Shares repurchased | (38,042 | )
Shares outstanding at December 31 | 12,286,896
Schedule of the Calculations of Basic and Diluted Earnings per Share | The calculations of basic and diluted earnings per share are as follows:
|  | December 31,
(In thousands except share and per share data) |  | 2017 |  | 2016 |  | 2015
Basic: |  |  |  |  |  |  |  |  |
Net income |  | $ | 25,014 |  | $ | 24,348 |  | $ | 23,056
Weighted average common shares outstanding |  |  | 12,250,465 |  |  | 12,265,434 |  |  | 12,494,466
Basic earnings per share |  | $ | 2.04 |  | $ | 1.99 |  | $ | 1.85
Diluted: |  |  |  |  |  |  |  |  |
Net income |  | $ | 25,014 |  | $ | 24,348 |  | $ | 23,056
Weighted average common shares outstanding |  |  | 12,250,465 |  |  | 12,265,434 |  |  | 12,494,466
Effect of dilutive restricted stock, PBRS and SARs |  |  | 179,445 |  |  | 172,386 |  |  | 175,784
Weighted average common shares outstanding assuming dilution |  |  | 12,429,910 |  |  | 12,437,820 |  |  | 12,670,250
Diluted earnings per share |  | $ | 2.01 |  | $ | 1.96 |  | $ | 1.82

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- Definition Tabular disclosure of the change in common stock outstanding. + References No definition available. + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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