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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Calculation of Basic Earnings Per Share

 

 

(in thousands of dollars)

 

 

 

Three Months Ended

 

 

 

March 31, 2020

 

 

March 31, 2019

 

Earnings per share

 

 

 

 

 

 

 

 

Net income

 

$

4,105

 

 

$

3,224

 

Less: distributed earnings allocated to participating

   securities

 

 

(13

)

 

 

(12

)

Less: undistributed earnings allocated to participating

   securities

 

 

(20

)

 

 

(12

)

Net earnings available to common shareholders

 

$

4,072

 

 

$

3,200

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding including

   participating securities

 

 

11,134,870

 

 

 

11,089,839

 

Less: average unvested restricted shares

 

 

(84,732

)

 

 

(83,417

)

Weighted average common shares outstanding

 

 

11,050,138

 

 

 

11,006,422

 

Basic earnings and diluted per share

 

$

0.37

 

 

$

0.29