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Common Stock and Earnings per Share (Tables) | 12 Months Ended
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Dec. 31, 2018
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 2018.
|  | 2018
Shares outstanding at January 1 |  | 12,286,896 |
20% stock dividend paid on December 14, 2018 |  | 2,457,484 |
Issuance of common stock: |  |  |
Employee restricted stock grants |  | 9,530 |
Employee SARs exercised |  | 12,048 |
Directors’ compensation |  | 9,526 |
Shares repurchased |  | (163,634 | )
Shares forfeited |  | (564 | )
Shares outstanding at December 31 |  | 14,611,286 |
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) |  | 2018 |  | 2017 |  | 2016
Basic: |  |  |  |  |  |  |  |  |
Net income |  | $ | 30,268 |  | $ | 25,014 |  | $ | 24,348
Weighted average common shares outstanding |  |  | 14,675,136 |  |  | 14,700,557 |  |  | 14,718,228
Basic earnings per share |  | $ | 2.06 |  | $ | 1.70 |  | $ | 1.65
Diluted: |  |  |  |  |  |  |  |  |
Net income |  | $ | 30,268 |  | $ | 25,014 |  | $ | 24,348
Weighted average common shares outstanding |  |  | 14,675,136 |  |  | 14,700,558 |  |  | 14,718,228
Effect of dilutive restricted stock, performance based restricted stock (“PBRS”), and SARs |  |  | 239,065 |  |  | 215,332 |  |  | 206,878
Weighted average common shares outstanding assuming dilution |  |  | 14,914,202 |  |  | 14,915,890 |  |  | 14,925,106
Diluted earnings per share |  | $ | 2.03 |  | $ | 1.68 |  | $ | 1.63

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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://fasb.org/us-gaap/role/ref/legacyRef -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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