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Earnings per Share (Tables) | 3 Months Ended
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Mar. 31, 2020
Earnings per Share [Abstract] |
Computation of Earnings per Share | The following table sets forth the computation of earnings per share.
|  | Three Months Ended |
|  | March 31, |
|  | 2020 |  |  | 2019 |
Net income applicable to common stock |  | $ | 4,531,000 |  |  | $ | 4,405,000 |
Basic earnings per share computation |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 3,515,500 |  |  |  | 3,528,466 |
Earnings per share – basic |  | $ | 1.29 |  |  | $ | 1.25 |
Diluted earnings per share computation |  |  |  |  |  |  |  |
Weighted average common shares outstanding for basic earnings per share |  |  | 3,515,500 |  |  |  | 3,528,466 |
Add: Dilutive effects of restricted stock |  |  | - |  |  |  | - |
Weighted average common shares outstanding for dilutive earnings per share |  |  | 3,515,500 |  |  |  | 3,528,466 |
Earnings per share – diluted |  | $ | 1.29 |  |  | $ | 1.25 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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