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Computation of Earnings Per Common Share (Tables) | 3 Months Ended
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Mar. 31, 2021
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 March 31
|  |  |  |  | 2021 |  | 2020
Average number of common shares outstanding for basic calculation |  |  |  |  | 7,969,462 |  |  | 7,892,421 |
Average potential effect of common shares in the Directors Plan (1) |  |  |  |  | 114,384 |  |  | 163,186 |
Average potential effect of common shares in the RSP |  |  |  |  | 4,678 |  |  | — |
Average number of common shares outstanding used to calculate diluted earnings per common share |  |  |  |  | 8,088,524 |  |  | 8,055,607 |
Net income |  |  |  |  | $ | 5,398 |  |  | $ | 3,064 |
Earnings per common share |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 0.68 |  |  | $ | 0.39 |
Diluted |  |  |  |  | $ | 0.67 |  |  | $ | 0.38 |
(1)Exclusive of shares held in the Rabbi Trust

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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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