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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Calculation of Basic Earnings Per Share

The table below presents basic and diluted earnings per share for the years ended December 31, 2016, 2015, and 2014.

 

     Year Ended  
     December 31,
2016		      December 31,
2015		      December 31,
2014		  

Earnings per share

         

Net income

    $ 11,664       $ 10,340       $ 9,646   

Less: distributed earnings allocated to participating securities

      (37 )       (31 )       (27 ) 

Less: undistributed earnings allocated to participating securities

      (64 )       (47 )       (40 ) 
  

 

 

     

 

 

     

 

 

  

Net earnings available to common shareholders

    $ 11,563       $ 10,262       $ 9,579   
  

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding including participating securities

      4,612,115         4,617,058         4,628,178   

Less: average unvested resticted shares

      (39,982 )       (35,000 )       (32,278 ) 
  

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding

      4,572,133         4,582,058         4,595,900   
  

 

 

     

 

 

     

 

 

  

Basic and diluted earnings per share

    $ 2.53       $ 2.24       $ 2.08