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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

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.

		2021				2020				2019
Basic earnings per share computation:
Net income applicable to common stock		$	29,118,000			$	25,103,000			$	19,490,000
Weighted average common shares outstanding			3,945,299				3,844,241				3,597,709
Earnings per share - basic		$	7.38			$	6.53			$	5.42
Diluted earnings per share computation:
Net income applicable to common stock		$	29,118,000			$	25,103,000			$	19,490,000
Weighted average common shares outstanding for basic earnings per share			3,945,299				3,844,241				3,597,709
Add: Dilutive effects of restricted stock			-				1,841				2,096
Weighted average common shares outstanding for dilutive earnings per share			3,945,299				3,846,082				3,599,805
Earnings per share - dilutive		$	7.38			$	6.53			$	5.41

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- References

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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://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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