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Earnings per Share
 12 Months Ended
Dec. 31, 2023
Earnings per Share [Abstract]  
Earnings per Share
Note 4:
 Earnings per Share
 
Basic earnings per common share represents the amount of earnings for the period available to each share of common stock outstanding during the reporting period. Basic EPS is computed based upon net income divided by the weighted average number of common shares outstanding during the year.
 
Diluted EPS represents the amount of earnings for the period available to each share of common stock outstanding including common stock that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during each reporting period. Diluted EPS is computed based upon net income dividend by the weighted average number of commons shares outstanding during each period, adjusted for the effect of dilutive potential common shares, such as restricted stock awards and nonqualified stock options, calculated using the treasury stock method.
 
The following table shows the computation of basic and diluted earnings per share:
 
   
As of and for the Years ended December 31,
  
   
2023
    
2022
    
2021
  
(Dollars in thousands, except per share amounts)
                  
Numerator
                  
Net income
  
$
28,275
    
$
29,638
    
$
23,159
  
                         
Denominator
                        
Weighted-average shares outstanding for basic earnings per share
    
9,161,565
      
9,101,523
      
9,056,117
  
Dilutive effect of stock compensation(1)
    
102,742
      
103,193
      
35,419
  
Denominator for diluted earnings per share
    
9,264,307
      
9,204,716
      
9,091,536
  
                         
Earnings per common share
                        
Basic
  
$
3.09
    
$
3.26
    
$
2.56
  
Diluted
  
$
3.05
    
$
3.22
    
$
2.55
  

(1)
The following have not been included in diluted earnings per share because to do so would have been antidilutive for the periods presented: Nonqualified stock options outstanding of 5,000, 5,000, and 264,000 as of December 31, 2023, 2022, and 2021, respectively; Restricted stock units outstanding of 156,186, 0, and 0 as of December 31, 2023, 2022, and 2021, respectively.