XML 48 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Computation of Earnings per Share
The following table sets forth the computation of earnings per share.  Earnings per share calculations give retroactive effect to stock dividends declared by the Company.

  
2018
  
2017
  
2016
 
Basic earnings per share computation:
         
Net income applicable to common stock
 
$
18,034,000
  
$
13,025,000
  
$
12,638,000
 
Weighted average common shares outstanding
  
3,505,218
   
3,515,638
   
3,541,769
 
Earnings per share - basic
 
$
5.14
  
$
3.70
  
$
3.57
 
 
            
Diluted earnings per share computation:
            
Net income applicable to common stock
 
$
18,034,000
  
$
13,025,000
  
$
12,638,000
 
 
            
Weighted average common shares outstanding for basic earnings per share
  
3,505,218
   
3,515,638
   
3,541,769
 
Add: Dilutive effects of restricted stock
  
1,988
   
1,724
   
1,556
 
Weighted average common shares outstanding for dilutive earnings per share
  
3,507,206
   
3,517,362
   
3,543,325
 
Earnings per share - dilutive
 
$
5.14
  
$
3.70
  
$
3.57