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Summary of significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2019

Summary of significant accounting policies

Schedule of estimated useful life of related assets

Premises and leasehold improvements		7 – 40 years
Furniture, fixtures and equipment		3 – 10 years

Schedule of earnings per share

		2019						2018						2017
For the Year Ended December 31		Basic			Diluted			Basic			Diluted			Basic			Diluted
Net income		$	25,736		$	25,736		$	24,920		$	24,920		$	18,457		$	18,457
Average common shares outstanding			7,395,429			7,395,429			7,397,797			7,397,797			7,395,837			7,395,837
Earnings per share		$	3.48		$	3.48		$	3.37		$	3.37		$	2.50		$	2.50

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- Definition

Tabular disclosure of the useful life of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale.

+ References

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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

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