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Computation of Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Computation of earnings per common share
Earnings per common share have been computed based on the following:

2018
 
2017
 
2016
Average number of common shares outstanding for basic calculation
7,872,077

 
7,841,451

 
7,813,739

Average potential effect of common shares in the Directors Plan (1)
200,771

 
192,286

 
185,611

Average number of common shares outstanding used to calculate diluted earnings per common share
8,072,848

 
8,033,737

 
7,999,350

Net income
$
14,021

 
$
13,237

 
$
13,799

Earnings per common share
 
 
 
 
 
Basic
$
1.78

 
$
1.69

 
$
1.77

Diluted
$
1.74

 
$
1.65

 
$
1.73

(1) Exclusive of shares held in the Rabbi Trust