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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2017, 2016, and 2015.

 

     Year Ended  
     December 31,
2017		      December 31,
2016		      December 31,
2015		  

Earnings per share

         

Net income

    $ 12,720      $ 11,664      $ 10,340  

Less: distributed earnings allocated to participating securities

      (45 )       (37 )       (31 ) 

Less: undistributed earnings allocated to participating securities

      (77 )       (64 )       (47 ) 
  

 

 

     

 

 

     

 

 

  

Net earnings available to common shareholders

    $ 12,598      $ 11,563      $ 10,262  
  

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding including participating securities

      9,250,825        9,224,230        9,234,116  

Less: average unvested restricted shares (1)

      (88,664 )       (79,964 )       (70,000 ) 
  

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding (1)

      9,162,161        9,144,266        9,164,116  
  

 

 

     

 

 

     

 

 

  

Basic and diluted earnings per share (1)

    $ 1.38      $ 1.27      $ 1.12  
  

 

 

     

 

 

     

 

 

  
        
(1)  Share data has been adjusted to reflect a 2-for-1 stock split on September 20, 2017