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Computation of Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computation of earnings per common share

Earnings per common share have been computed based on the following for the:

			Three Months Ended   September 30												Nine Months Ended   September 30
			2020						2019						2020						2019
Average number of common shares outstanding for basic calculation			7,966,811						7,925,332						7,945,762						7,904,568
Average potential effect of common shares in the Directors Plan (1)			144,472						181,536						151,040						186,720
Average number of common shares outstanding used to calculate diluted earnings per common share			8,111,283						8,106,868						8,096,802						8,091,288
Net income			$	4,357					$	4,442					$	11,608					$	12,126
Earnings per common share
Basic			$	0.55					$	0.56					$	1.46					$	1.53
Diluted			$	0.54					$	0.55					$	1.43					$	1.50

(1)Exclusive of shares held in the Rabbi Trust

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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://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

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