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Computation of Earnings Per Common Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Computation of Earnings Per Common Share Computation of Earnings Per Common Share
Basic earnings per common share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate solely to outstanding shares in the Directors Plan and grant awards under the RSP.
Earnings per common share have been computed based on the following for the:
 Three Months Ended 
 June 30		Six Months Ended 
 June 30
2024202320242023
Average number of common shares outstanding for basic calculation7,477,310 7,498,584 7,485,743 7,528,251 
Average potential effect of common shares in the Directors Plan (1)
— 38,166 — 43,793 
Average potential effect of common shares in the RSP17,518 30,777 15,694 29,569 
Average number of common shares outstanding used to calculate diluted earnings per common share7,494,828 7,567,527 7,501,437 7,601,613 
Net income$3,481 $4,630 $6,612 $9,951 
Earnings per common share
Basic$0.47 $0.62 $0.88 $1.32 
Diluted0.46 0.61 0.88 1.31 
(1) Exclusive of shares held in the Rabbi Trust