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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019, 2018, and 2017.

		Year Ended
		December 31,				December 31,				December 31,
		2019				2018				2017
Earnings per share
Net income		$	18,402			$	14,949			$	12,720
Less: distributed earnings allocated to    participating securities			(51	)			(52	)			(45	)
Less: undistributed earnings allocated to    participating securities			(87	)			(98	)			(77	)
Net earnings available to common shareholders		$	18,264			$	14,799			$	12,598
Weighted average common shares outstanding    including participating securities			11,113,810				9,272,964				9,250,825
Less: average unvested restricted shares			(83,369	)			(93,000	)			(88,664	)
Weighted average common shares outstanding			11,030,441				9,179,964				9,162,161
Basic and diluted earnings per share		$	1.66			$	1.61			$	1.38

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- Definition

Tabular disclosure of the effect of income (loss) on basic earnings per share.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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