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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2018
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, 2018, 2017, and 2016.

 

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

14,949

 

 

$

12,720

 

 

$

11,664

 

Less: distributed earnings allocated to participating

   securities

 

 

(52

)

 

 

(45

)

 

 

(37

)

Less: undistributed earnings allocated to participating

   securities

 

 

(98

)

 

 

(77

)

 

 

(64

)

Net earnings available to common shareholders

 

$

14,799

 

 

$

12,598

 

 

$

11,563

 

Weighted average common shares outstanding

   including participating securities

 

 

9,272,964

 

 

 

9,250,825

 

 

 

9,224,230

 

Less: average unvested restricted shares

 

 

(93,000

)

 

 

(88,664

)

 

 

(79,964

)

Weighted average common shares outstanding

 

 

9,179,964

 

 

 

9,162,161

 

 

 

9,144,266

 

Basic and diluted earnings per share

 

$

1.61

 

 

$

1.38

 

 

$

1.27