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Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings per Share [Abstract]

Computation of Earnings per Share

The following table sets forth the computation of earnings per share.

		Three months ended September 30,								Nine months ended September 30,
		2024				2023				2024				2023
Net income applicable to common stock		$	7,536,000			$	7,548,000			$	19,835,000			$	10,271,000
Basic earnings per share computation
Weighted average common shares outstanding			4,749,679				4,746,541				4,748,988				4,321,848
Earnings per share - basic		$	1.59			$	1.59			$	4.18			$	2.38
Diluted earnings per share computation
Weighted average common shares outstanding for basic earnings per share			4,749,679				4,746,541				4,748,988				4,321,848
Add: Dilutive effects of restricted stock			1,545				-				4,939				-
Weighted average common shares outstanding for dilutive earnings per share			4,751,224				4,746,541				4,753,927				4,321,848
Earnings per share - diluted		$	1.59			$	1.59			$	4.17			$	2.38

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- References

No definition available.

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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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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