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Computation of Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 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 
 September 30
Nine Months Ended 
 September 30
2021202020212020
Average number of common shares outstanding for basic calculation7,932,227 7,966,811 7,948,578 7,945,762 
Average potential effect of common shares in the Directors Plan (1)
94,828 144,472 103,816 151,040 
Average potential effect of common shares in the RSP17,517 — 12,858 — 
Average number of common shares outstanding used to calculate diluted earnings per common share8,044,572 8,111,283 8,065,252 8,096,802 
Net income$4,686 $4,357 $14,705 $11,608 
Earnings per common share
Basic$0.59 $0.55 $1.85 $1.46 
Diluted$0.58 $0.54 $1.82 $1.43 
(1)Exclusive of shares held in the Rabbi Trust