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Computation of Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2024
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
20242023
Average number of common shares outstanding for basic calculation7,493,334 7,556,585 
Average potential effect of common shares in the Directors Plan (1)
— 49,484 
Average potential effect of common shares in the RSP14,405 28,348 
Average number of common shares outstanding used to calculate diluted earnings per common share7,507,739 7,634,417 
Net income$3,131 $5,321 
Earnings per common share
Basic$0.42 $0.70 
Diluted$0.42 $0.70 
(1)Exclusive of shares held in the Rabbi Trust