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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Computations of Earnings Per Share | Earnings per share for the years ended December 31 were calculated as follows (in thousands, except share and per share data):
| 2022 |  | 2021 |  | 2020
Net income | $ | 22,128 |  |  | 20,974 |  |  | 20,075 |
Less allocation of earnings and dividends to participating securities | 114 |  |  | 75 |  |  | 45 |
Net income allocated to common shareholders | $ | 22,014 |  |  | 20,899 |  |  | 20,030 |
Weighted average common shares outstanding, gross | 11,469,676 |  |  | 12,635,013 |  |  | 12,943,622 |
Less average participating securities | 58,695 |  |  | 45,408 |  |  | 29,345 |
Weighted average number of shares outstanding used in the calculation of basic earnings per common share | 11,410,981 |  |  | 12,589,605 |  |  | 12,914,277 |
Add dilutive effect of: |  |  |  |  |
Stock options | — |  |  | 8 |  |  | 307 |
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share | 11,410,981 |  |  | 12,589,613 |  |  | 12,914,584 |
Earnings per common share: |  |  |  |  |
Basic | $ | 1.93 |  |  | 1.66 |  |  | 1.55 |
Diluted | 1.93 |  |  | 1.66 |  |  | 1.55 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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