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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Basic and diluted earnings per share (EPS)
The following table provides detail for basic earnings per share (EPS) and diluted (EPS) for the years ended December 31, 2020, 2019 and 2018:
Income
(Numerator)
Shares
(Denominator)
Per-Share
Amount
For the year ended December 31, 2020
Net income as reported$27,129,000 
Basic EPS: Income available to common shareholders27,129,000 10,858,606 $2.50 
Effect of dilutive securities: restricted stock 74,212 
Diluted EPS: Income available to common shareholders plus assumed conversions$27,129,000 10,932,818 $2.48 
For the year ended December 31, 2019
Net income as reported$25,525,000 
Basic EPS: Income available to common shareholders25,525,000 10,815,718 $2.36 
Effect of dilutive securities: restricted stock 73,591 
Diluted EPS: Income available to common shareholders plus assumed conversions$25,525,000 10,889,309 $2.34 
For the year ended December 31, 2018
Net income as reported$23,536,000 
Basic EPS: Income available to common shareholders23,536,000 10,783,419 $2.18 
Effect of dilutive securities: restricted stock 69,055 
Diluted EPS: Income available to common shareholders plus assumed conversions$23,536,000 10,852,474 $2.17