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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of 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, 2022, 2021 and 2020:
Income
(Numerator)
Shares
(Denominator)
Per-Share
Amount
For the year ended December 31, 2022
Net income as reported$38,990,000 
Basic EPS: Income available to common shareholders38,990,000 10,931,328 $3.56 
Effect of dilutive securities: restricted stock 99,330 
Diluted EPS: Income available to common shareholders plus assumed conversions$38,990,000 11,030,658 $3.53 
For the year ended December 31, 2021
Net income as reported$36,269,000 
Basic EPS: Income available to common shareholders36,269,000 10,903,844 $3.33 
Effect of dilutive securities: restricted stock 83,335 
Diluted EPS: Income available to common shareholders plus assumed conversions$36,269,000 10,987,179 $3.30 
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