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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Stock Based Compensation [Abstract]  
Summary of Stock Option Activity

2022

2021

Weighted

Weighted

Average

Average

Average

Average

Exercise

Intrinsic

Exercise

Intrinsic

Options

Price

Value

Options

Price

Value

Outstanding, beginning of year

226,075

$

26.37

215,970

$

25.73

Granted

38,000

33.53

43,500

25.80

Exercised

(34,425)

19.08

(22,420)

17.59

Forfeited

(10,675)

27.56

(10,975)

29.48

Outstanding, end of year

218,975

$

26.70

$

1,100

226,075

$

26.37

$

520

Exercisable, end of year

180,975

$

27.68

$

1,100

182,575

$

26.50

$

511

Schedule of Fair Value Assumptions

Years Ended December 31,

2022

2021

Dividend yield

3.57%

3.55%

Expected life

10 years

10 years

Expected volatility

35.01%

34.69%

Risk-free interest rate

3.87%

1.51%

Weighted average fair value of options granted

$

10.06

$

6.49

Schedule of Outstanding Stock Options

Average

Average

Options

Exercise

Remaining

Options

Exercise

Outstanding

Price

Life, Years

Exercisable

Price

11,125

$

17.93

1.0

11,125

$

17.93

8,250

19.39

1.9

8,250

19.39

9,375

19.03

2.9

9,375

19.03

12,125

22.37

4.0

12,125

22.37

25,250

32.81

5.0

25,250

32.81

22,100

32.34

6.0

22,100

32.34

22,500

36.02

7.0

22,500

36.02

30,750

26.93

8.0

30,750

26.93

1,000

26.35

8.3

1,000

26.35

1,000

25.38

8.5

1,000

25.38

37,500

25.80

9.0

37,500

25.80

38,000

33.53

10.0

Total

218,975

180,975

Summary of Restricted Stock Activity

2022

2021

Weighted-Average

Weighted-Average

Number of

Grant Date

Number of

Grant Date

Shares

Fair Value

Shares

Fair Value

Non-vested, beginning of year

32,030

$26.76

39,135

$30.72

Granted

23,000

30.25

8,000

25.80

Vested

(10,570)

30.89

(11,205)

32.15

Forfeited

(3,900)

31.72

Non-vested at December 31

44,460

$30.12

32,030

$26.76