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Common Stock and Earnings per Share (Tables) | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
Schedule of Common Stock Outstanding Roll Forward | The table below shows activity in the outstanding shares of the Company’s common stock during 2021.
| 2021
Shares outstanding at January 1 | 14,392,669 |
Issuance of common stock: |
Employee restricted stock grants | 22,393 |
Employee restricted stock units vested | 2,232 |
Performance-based stock vested | 18,336 |
Employee SARs exercised | 7,810 |
Directors’ stock grants | 5,450 |
Shares repurchased | (713,857) |
Shares forfeited | (738) |
Shares outstanding at December 31 | 13,734,295 |
Schedule of Earnings Per Share, Basic and Diluted | The calculations of basic and diluted earnings per share are as follows:
| December 31,
(In thousands except share and per share data) | 2021 |  | 2020 |  | 2019
Basic: |  |  |  |  |
Net income | $ | 28,604 |  |  | $ | 25,176 |  |  | $ | 30,404 |
Weighted average common shares outstanding | 14,091,773 |  |  | 14,364,406 |  |  | 14,434,445 |
Basic earnings per share | $ | 2.03 |  |  | $ | 1.75 |  |  | $ | 2.11 |
Diluted: |  |  |  |  |
Net income | $ | 28,604 |  |  | $ | 25,176 |  |  | $ | 30,404 |
Weighted average common shares outstanding | 14,091,773 |  |  | 14,364,406 |  |  | 14,434,445 |
Effect of dilutive restricted stock, performance based restricted stock (“PBRS”), and SARs | 238,103 |  |  | 202,541 |  |  | 257,480 |
Weighted average common shares outstanding assuming dilution | 14,329,876 |  |  | 14,566,947 |  |  | 14,691,925 |
Diluted earnings per share | $ | 2.00 |  |  | $ | 1.73 |  |  | $ | 2.07 |

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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