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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Calculation of Basic Earnings Per Share

 

 

(in thousands of dollars)

 

 

(in thousands of dollars)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2018

 

 

September 30, 2017

 

 

September 30, 2018

 

 

September 30, 2017

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

3,875

 

 

$

3,222

 

 

$

11,756

 

 

$

9,284

 

Less: distributed earnings allocated to participating

   securities

 

 

(13

)

 

 

(12

)

 

 

(38

)

 

 

(33

)

Less: undistributed earnings allocated to participating

   securities

 

 

(26

)

 

 

(19

)

 

 

(80

)

 

 

(55

)

Net earnings available to common shareholders

 

$

3,836

 

 

$

3,191

 

 

$

11,638

 

 

$

9,196

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding including

   participating securities (1)

 

 

9,274,507

 

 

 

9,252,919

 

 

 

9,268,819

 

 

 

9,245,514

 

Less: average unvested restricted shares (1)

 

 

(93,242

)

 

 

(88,596

)

 

 

(92,683

)

 

 

(87,074

)

Weighted average common shares outstanding (1)

 

 

9,181,265

 

 

 

9,164,323

 

 

 

9,176,136

 

 

 

9,158,440

 

Basic earnings and diluted per share (1)

 

$

0.42

 

 

$

0.35

 

 

$

1.27

 

 

$

1.01